Demand-side and Supply-side Constraints in the Market for Financial Advice

In this review, we argue that access to financial advice and the quality of this advice is shaped by a broad array of demand-side and supply-side constraints. While the literature has predominantly focused on conflicts of interest between advisors and clients, we highlight that the transaction costs

在本综述中，我们提出如下观点：金融咨询服务的可获得性及其服务质量，均受到一系列广泛的需求侧与供给侧约束因素的影响。尽管现有学术文献大多聚焦于咨询顾问与客户之间的利益冲突，我们着重指出，交易成本