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Retail Financial Advice: Does One Size Fit All?

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NBER2014-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w20712
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Using unique data on Canadian households, we assess the impact of financial advisors on their clients' portfolios. We find that advisors induce their clients to take more risk, thereby raising expected returns. On the other hand, we find limited evidence of customization: advisors direct clients
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2014-12-01
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