It is widely accepted that financial advice is valuable for clients. Traditional thinking suggests an advisor's value is based on achieving alpha – excess market returns – or beta – portfolio construction. But recent thinking has shifted the focus from alpha or beta to gamma, the ability to improve consumers' savings and investment habits which sets them on a path to achieving their long-run financial goals.
What exactly is gamma, and how do we measure it? How do we explain it to regulators and consumers? If gamma is ultimately rooted in good financial behaviour, why is professional advice so critical to gamma – and why can't consumers achieve such behaviour on their own?
Symposium 2017, Inflection Point, takes place on Tuesday, November 14 at the Royal York Hotel in Toronto. Limited tickets remain. To secure your spot, register now using the link below:
