Five industry trends are reshaping financial advice

Michael Kitces | Pinnacle Advisory Group | 20 February 2019 | 0.75 CE

The evolution of technology over the past 50 years has slowly but steadily commoditised most functions of financial advisers. Early stage financial advisers brokered stocks. Then, in the 1970s and 1980s, technology companies in the form of discount brokers used the first computers to scale trading, driving financial advisers to sell mutual funds. Online brokerage services then scaled mutual...