As the hype regarding investors replacing human investment advisers with online websites and computerized recommendation services reaches a crescendo, a new Wells Fargo/Gallup study suggests people still prefer to invest with a human adviser. What resources investors use for seeking investing advice Nearly eighty percent of investors say they advice in some form: 37 percent said they rely on a dedicated financial adviser and not a financial website; 21 percent report using neither a dedicated financial adviser nor a financial web site to make investing decisions; 14 percent report using a financial web site and not a financial adviser, and…
Investing Advice Still A Human Job, Says Gallup Study
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.