Why passive asset managers represent high risk for financial advisers
Passive third-party asset managers could expose clients to a greater level of risk and dissatisfaction.
Recently, I spoke with a financial adviser who is increasingly worried that a client complaint could make its way onto his record. A large number of clients have called him, wondering why their portfolios trailed the broader market during the post-election surge and throughout the bull market since.
Learn more about reprints and licensing for this article.