From The Lawyer's Guide to Financial Planning, Section Three
Managing One’s Own Investment Portfolio
According to a 2012 Investopedia article,1 the market share of online brokers increased by three percentage points while the market share of other retail brokerages lost four percentage points. This apparent uptick in the number of do-it-yourself (DIY) investors can be attributed in part to the relatively easy access that the public now has to the same or similar information relied on by financial professionals. Plummeting values of professionally managed portfolios over the past few years have also led some investors down the path of self-management, apparently with the attitude that they couldn’t do any worse than their brokers.