"A fascinating study in The Review of Financial Studies showed that financial professionals tended to…"

Tuesday, November 8th, 2011 at 10:11 pm

“A fascinating study in The Review of Financial Studies showed that financial professionals tended to performance chase at about the same levels as consumers investing directly. The TD Ameritrade data supports this conclusion on the subset of professionals that are RIAs, and charging on a percentage of assets model.”

Financial Advisors Show Poor Market Timing – CBS

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(via Findings.com)