Training and the house view problem

On this episode of Talking Wealth, Michael Batnick is joined by John Giovannucci to discuss a shift few in wealth management say out loud: has the advisor’s role drifted away from doing the actual work?

For years, strong markets made it easier to look smart and harder to tell skill from environment. Along the way, more of the thinking behind portfolios was outsourced to platforms, products, and managers.

They debate whether that’s a feature or a flaw and what clients may be missing when the work itself starts to fade.

This episode is sponsored by Wealth.com. Learn more at https://www.wealth.com/tax/ 

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