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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: