Tom Idzorek is chief investment officer and director of research for Ibbotson Associates, a registered investment advisor and wholly owned subsidiary of Morningstar, Inc. As chief investment officer, Tom oversees all key investment decisions on Ibbotson’s assets under advisement. Managing a team of Ph.D. researchers, he is responsible for Ibbotson’s research agenda and new product development. Mr. Idzorek has expertise in lifetime asset allocation, strategic asset allocation, tactical (dynamic) asset allocation, liability-relative investing, asset allocation implementation, fund-of-funds optimization, risk budgeting, returns-based style analysis and performance analysis. He is a senior member of Ibbotson’s Investment Policy Committee and has authored numerous articles on asset allocation topics. Prior to joining Ibbotson Associates, Tom was the senior quantitative researcher of Zephyr Associates. He developed and researched financial models and techniques for inclusion in the company’s analytical software. This included the co-development of the “style drift score” and the implementation of the Black-Litterman model. Mr. Idzorek received his bachelor’s degree in marketing from Arizona State University, his master’s degree in business administration from Thunderbird School of Global Management and the Chartered Financial Analyst designation from the CFA Institute.