Bankrate on MSN

Nearly one-third of American adults now trust social media for financial advice: Why that’s a terrible idea

Nearly one-third of American adults (30 percent) who looked for financial advice in 2023 turned to social media, according to ...
The New York Times

Financial Advice on Social Media Is Growing. And Risky.

Everyday investors are turning to financial influencers, or ‘fin-fluencers,’ to learn how to manage their finances, but experts say rooting out misinformation is challenging. By Isabella Kwai Isabella ...
Hosted on MSN

Vanguard Survey Highlights Emotional and Time-Saving Benefits of Personalized Financial Advice

VALLEY FORGE, PA — Investors who receive personalized financial advice are reaping far more than just improved portfolio performance, according to new research from Vanguard. The firm’s Emotional & ...
Entrepreneur

Nearly 3 in 4 Posts on Social Media With Financial Advice Are ‘Misleading,’ According to a New Report

A new study found that 71% of the financial advice consumed by Gen Z and Millennials is misleading. It also found that only 13% of social media influencers advising on financial matters had relevant ...
Star Democrat

Social financial advice could be bad investment

Nearly one-third of American adults (30%) who looked for financial advice in 2023 turned to social media, according to Bankrate’s Financial Security Survey. Younger Americans are even more likely than ...
Reuters

British financial advice platform Nucleus prepares for sale, sources say

LONDON, Sept 15 (Reuters) - HPS Investment Partners is weighing a sale of British financial advice platform Nucleus Financial Platforms, four people familiar with the matter told Reuters. Sign up here ...