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Episode 3: Advice In Europe Sucks

Episode 3: Advice In Europe Sucks

Thursday, August 20, 2015
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In America, financial services is driven by profit and that makes the U.S. a very dynamic place. Most of evolutions and revolutions we see come out of this market.  So it’s sometimes hard for US advisers to get their heads around the rest of the world, like Europe, where financial advice is largely driven by regulation.
 
According to Paul Resnik that’s led to innovation being stifled. His business, FinaMetrica, supplies risk tolerance assessment tools to clients in Europe. But when he goes there he does not like what he sees. Paul thinks that financial advice in Europe pretty much sucks!