The study also maintains that many advisors are promoting investments that have the potential to outperform, which is a highly unlikely outcome.
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In a recent study by State Street’s Center for Applied Research, 93% of survey respondents say they would be better off making their own financial decisions. Meanwhile, two thirds maintain that their best investment actions resulted from their own decisions. So reports MainSt.
The study also maintains that many advisors are promoting investments that have the potential to outperform, which is a highly unlikely outcome.