David Booth Dimensional Fund Advisors Co-Founder and CEO

Tapping academia for a formula that relies on low costs, hugging the benchmarks and enforcing a long-term view, DFA [see profile] has quietly built a powerhouse that could be compared to Vanguard, but with an advisor focus.

Insiders say that David Booth has been seeking a buyer for the firm he founded on an academic idea. That desire may explain the firm's relocation to low-tax Austin, Texas from Southern California. If DFA does sell, the buyer picks up an index-based manager with what is arguably a defensible moat and a fanatically loyal network of advisors. 

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