Wealth management firms could be at risk of losing out on $20 billion in revenue if they strive to self-manage their funds, data from financial information platform Finimize has shown.
Almost two-thirds (63 percent) of over 3,800 retail investors surveyed admitted they would prefer to self-manage their funds in the future, with only 15 percent preferring a human financial adviser.
Half (51 percent) of those surveyed feel like the financial industry does not provide them...
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