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Why There's No Financial Advice for Most Americans

8:43 PM  Pisstol Aer   Labels: , ,


“America's middle class needs a lot of help managing its finances. The financial industry isn't providing much.”
“The latest failed experiment in bringing affordable financial advice to the masses is online platform Nestwise. The startup was shut down on Sept. 1, despite backing by the U.S.’s largest independent broker-dealer, LPL Financial Holdings Inc.”
“In May 2012, then-LPL senior executive Esther Stearns, 53, launched Nestwise; she left the company last month. Stearns, who says she can’t discuss the decision to close Nestwise, agreed to talk about the lessons learned from the startup and whether eventually there will be cost-effective ways to get advice to those who arguably need it most.” Read the interview by Ben Steverman for Bloomberg News at: http://www.businessweek.com/news/2013-10-22/why-theres-no-financial-advice-for-most-americans
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Why There's No Financial Advice for Most Americans
Why There's No Financial Advice for Most Americans
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