The market for retail financial products (e.g. investment funds or insurance) is marred by information asymmetries. Clients are not well informed about the quality of these products. They have to rely on the recommendations of advisors. Incentives of advisors and clients may not be aligned, when...

The market for retail financial products (e.g. investment funds or insurances) is marred by information asymmetries. Clients are not well informed about the quality of these products. They have to rely on the recommendations of advisors. Incentives of advisors and clients may not be aligned,...

We explore a new channel to attract inflows using a unique dataset of corporate 401(k) retirement plans and their mutual fund family trustees. Families secure substantial inflows by attracting 401(k) plan assets through being trustee. This affords the plan sponsor potential influence on the...

The market for retail financial products (e.g. investment funds or insurances) is marred by information asymmetries. Clients are not well informed about the quality of these products. They have to rely on the recommendations of advisors. Incentives of advisors and clients may not be aligned,...

Die Finanzbranche steht vor dem gröt︢en Umbruch ihres Bestehens: der digitalen Revolution. Künstliche Intelligenz, die Roboter-Berater, können immer gröe︢re Teile der Finanzberatung übernehmen. Technologie-Unternehmen ("Fintechs") stehen bereit, die Branche zu erobern. Dieses Buch...