Is There a Difference Between a Portfolio Manager and an Advisor?

The risks that matter are different. There's some things that a portfolio manager cares about that amount to noise if you have that long-term timeframe of an individual. The problem is that despite these sorts of distinctions and differences, the legacy systems of risk management have ended up being kind of airlifted into advisor applications. So we're providing tools. We're not providing the distinct answers. And so really what does the advisor do with the tool? It's one less thing to worry about with your client.