There’s no shortage of free information out there. It’s everywhere you turn these days—social platforms, data, products, education, news, content. The sources of such information compete for your clicks, and then it’s not about adding objective value anymore. It’s about telling a story—a narrative that inevitably favors the owners’ interests over the users. But as historian and political commentator Niall Ferguson ironically explained at Schwab’s 2018 IMPACT conference in Washington, DC: "The owners become fantastically wealthy. And the users don’t realize that if the service is free, then they’re the product."
If the Service Is Free, Then You’re the Product
Topics: Insider, financial advisors
Do not continue to let behavioral biases impact portfolio construction
“Experience is simply the name we give our mistakes.” Oscar Wilde
Don’t continue to let behavioral biases impact portfolio construction. By acknowledging that advisors are subject to many of the same behavioral biases as clients new report, Mitigating the Impact of Advisors’ Behavioral Biases, will show advisors how they can improve their portfolio construction and management processes.
Topics: investments, wealth, retirement, retire, financial advisors
Continuing Education Can Help Increase Employee Productivity and Retention and Create Organizational Happiness in the Long Run
Many experts agree that meaningful and valuable training not only increases morale but has a significant impact on the productivity of their advisors. In fact, the research group Gallup, found that one of the most important factors in creating a “high-performance workplace” is creating a culture that values the growth of individuals.
Topics: investments, wealth, retirement, financial advisors
Mitigating the Impact of Advisors’ Behavioral Biases
New White Paper by Charles Schwab Investment Management in collaboration with the Investments & Wealth Institute and Cerulli Associates, is now available.
Topics: investments, economy, economics, wealth, retirement, financial advisors
The Rise of the Models: Asset Allocation Considerations
By: Tony Davidow
Topics: financial advisors