Christopher H. Giampapa

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Since the financial crisis, new, innovative online investment platforms have begun to offer financial advice to hundreds of thousands of customers. Many of these companies offer advanced portfolio designs using low-cost investments such as exchange traded funds (ETFs), automatic rebalancing and tax loss harvesting — and charge substantially lower fees than traditional investment advisers. This has been a recipe for rapid growth among leading new online investment advisers. Regulators have taken notice, and on March…