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Jason Zweig: Talk Is Cheap: Automation Takes Aim At Financial Advisers—And Their Fees
FYI: Automation is threatening one of the most personal businesses in personal finance: advice. Over the past decade, financial advisers in brokerage houses and independent firms have amassed trillions in assets helping individuals shape investment portfolios and hammer out financial plans. They earn around 1% of these assets in annual fees, a cost advisers say is deserved because they understand clients’ particular situations and can provide assurance when markets fall Regards, Ted http://jasonzweig.com/talk-is-cheap-automation-takes-aim-at-financial-advisers-and-their-fees/
