Goldman, which put former trading co-head
That runs the gamut from the least risky, plain-vanilla holdings like money market funds, to fixed-income products like corporate bonds funds, stock ETFs and mutual funds, and finally to alternative assets including private equity, private credit , real estate and hedge funds. The industry has coalesced around a model where financial advisors charge fees, often 1% to 2% of a typical client's assets annually, to manage investments. They also can earn fees for loans or other products geared towards the wealthy.