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SpanishThe Changes Confronting the Investment Advisory Business
The investment advisory business is undergoing a once-in-a-generation transformation in the delivery of financial advice to individual investors.
The changes are moving the industry toward higher standards of professionalism and transparency. But there is still a need for wealth management firms and financial advisers to do more.
Many investors face a clear-cut savings shortfall — and a bewildering array of investment alternatives — and are challenged to accumulate sufficient wealth to meet the needs of longer life spans.
Precisely when their need for advice is greater than ever, investors’ service expectations, informed by experiences with other industries, have increased, as well.
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