The Investor Adviser Act of 1940 turned 75 on Saturday. The act protects investors by regulating investment advisers.
Investment advisers typically measure a client’s degree of risk aversion as part of the process of making investment recommendations and building client portfolios.
Robo-advisers are changing how middle-class Americans with smaller portfolios get investment advice.
I think we can all agree our retirement planning would be a lot easier if we had good, specific and unbiased advice about how best to manage our 401(k)s. But laws that protect us from advice that isn’t unbiased also have made it very difficult for us to receive any useful retirement investment advice through