Retail investing in 2020 was a story of “Reddit bros” pushing up meme stocks on new zero-cost trading platforms. But beyond the headlines, advisor-based retail investing also jumped, up 19 percent. However, those zero-commission platforms are making their presence felt; advisors now charge less than half of their list price.
To read the article, see “The value of personal advice: Wealth management through the pandemic,” May 25, 2021.