FEB 15 at 16:00 CET:
The Misguided Beliefs of the Advisor
Many retail investors fall prey of behavioral biases and make poor investment decisions. Financial advisors can, in principle, help their clients to navigate complex savings and investment decisions. Nonetheless, advisors are often compensated through commissions based on the products they sell. These incentives generate agency conflicts and could compromise the quality of advice.
Do financial advisors help their clients to achieve better performance?
Do they minimize their investment biases?
What are the major benefits of having a financial advisor?
The answers to these questions could have profound welfare implications for households.
Prof. Alessandro Previtero will tackle the misguided beliefs of the advisors and inspire you how to tailor up one-fits-all retail financial advice to become bespoke (digital) advice.