Investment Advice

See: Investment Advisor. See: Robo-Advisor. See: Brokerage. See: Wrap Account.

Investment advice, other than, "buy index funds then forget about investing"...is usually bad, unfortunately. Index funds roundly outperform managed money, especially on a tax-adjusted basis by magnitudes over long periods of time.

Investment advice comes in a few flavors. There are those who advise a given managed fund: portfolio managers and analysts. Then there are advisors who opine on an individual's portfolio: "this much in real estate, that much in bonds, this much in equities that pay a dividend, that much in growth equities, etc." And there are other investment advisors who realize that The Computerized Advisor Era is coming and, after holding client hands, they learn how to get really nice Lakers tickets for their constituency in SoCal.

Many people need advice, and good advisors are highly valuable...the problem is that there are too few good ones out there. Hence the advent of the Robo-Advisor.