Y TREE's analysis of 550 portfolios found that 84 per cent of wealth managers underperformed in 2025. Wealth management underperformance cost investors up to a third of their expected returns — and most don't even know it's happening.
The investing industry gives the impression that beating the market is all about skill, but the evidence tells us it's largely a game of chance This is the third article in our 12-part series on Mark Hebner's "Index Funds: The 12-Step Recovery Program for Active Investors." Missed the previous steps? Catch up here on Step 1 and Step 2. If Nobel Prize-winning research wasn't enough to convince you that active investing is futile, perhaps the brutal statistics on stock picking
