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Jason Zweig – The Power of Serendipity - [Invest Like the Best, EP.03]
Invest Like the Best with Patrick O'Shaughnessy
Is There a Need for Financial Advice?
The share of invested equity assets that are passive, it was basically zero, three % or so in the early nineties. It's probably around forty to day ore, getting close to 40%. And you can certainly see that continuing for a long time. But i think many more peop have a fundamental need for advice about financial decision making and can't be solved purely through portfolio choice. Involve other technical or regulatory decisions that call for real advice.
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