Millions of households rely on financial advisors to make investment decisions they may not feel equipped to make themselves. In principle, professional advice should help investors navigate complex products, construct appropriate portfolios, and avoid costly behavioral mistakes. But financial advice creates a potential agency problem. Advisors often know considerably more about financial products than their clients, while their compensation may depend on which products those clients purchase. W...
Continue Reading
Sign up for FREE to read the full article and access 159K+ alternative investment headlines.
Alternative Investment News