The Age Of Interdependent Financial Advice Is Upon Us
January 8, 2024 by Michael Nathanson
Financial “advice” has been available in our country since—and even before—its capitalistic origins, though it looked quite different in the more distant past. The content, form, delivery, consumers and providers of financial advice have evolved—dramatically—since “founding father” Benjamin Franklin advised that “a penny saved is two pence clear” and later, “a penny saved is a penny got.” That evolution, like all forms of evolution, has been stimulated by changes in our surroundings, including demographic, economic, and societal changes as well as changes to market structures, the regulatory framework, the tax code, and, more recently, technological capabilities such as the proliferation of the Internet and the advance of the Information Age.
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