Professional Money Managers and Their Influence in Financial Markets - Lecture 18

Explore the world of professional money management and its impact on personal finance in this 1-hour 13-minute lecture from Yale University's Financial Markets course. Delve into the roles of financial advisors and planners, and understand how regulatory bodies like FINRA and the SEC protect individual investors. Examine the asset composition of U.S. households and nonprofits, and learn about investment vehicles such as mutual funds, exchange-traded funds (ETFs), and spendthrift funds. Trace the history of pension funds and discover modern innovations in pension management, including the implementation of ERISA. Gain valuable insights into how these financial institutions and professionals assist individuals in creating diversified portfolios and maximizing tax benefits for retirement planning.