RT Journal Article SR Electronic T1 Why Do Mutual Fund Investors Employ Financial Advisors? JF The Journal of Investing FD Institutional Investor Journals SP 91 OP 94 DO 10.3905/JOI.2008.17.4.091 VO 17 IS 4 A1 John A Haslem YR 2008 UL https://pm-research.com/content/17/4/91.abstract AB The goal of this study is to bring some degree of closure to the question of why mutual fund investors employ financial advisors. The basic reasons for investor utilization of financial advisors must involve aspects of 1) basic ignorance of fund investing, and thus the additional costs they pay, or 2) knowledge of fund investing but with overriding considerations that compensate for the higher costs, such as convenience.TOPICS: Mutual fund performance, portfolio management/multi-asset allocation, performance measurement