Rich millennials to financial advisers: thanks for the golf invite, but you can't invest my money
Is financial advice a thing of the past? The days where firms like Goldman Sachs could expect to land big clients with golf invitations and gift baskets may be gone, as more wealthy young people prefer to oversee their investments themselves. Rachel Louise Ensign and Peter Rudegeair examine what's behind this phenomenon and question whether, as life becomes more complicated for millennials, financial advisers could make a comeback later in their lives.
From The Wall Street Journal