Showing 1 - 4 of 4
Persistent link: https://www.econbiz.de/10010461244
Using unique data on Canadian households, we assess the impact of financial advisors on their clients' portfolios. We find that advisors induce their clients to take more risk, thereby raising expected returns. On the other hand, we find limited evidence of customization: advisors direct clients...
Persistent link: https://www.econbiz.de/10013043279
Using unique data on Canadian households, we show that financial advisors exert substantial influence over their clients' asset allocation, but provide limited customization. Advisor fixed effects explain considerably more variation in portfolio risk and home bias than a broad set of investor...
Persistent link: https://www.econbiz.de/10013031885
Persistent link: https://www.econbiz.de/10011738900