Monkeys Could Do The Same Job Of Financial Advisors?

Allan Roth has an interesting review at CBS MoneyWatch of what a Duke behavioral economist, Dan Ariely, stated in a recent Harvard Business Review. According to Allan:

Ariely is dead on in his criticism of advisors. Many simplify the important considerations in these two critical questions, only to build unnecessary complexity in creating portfolios which allow them to charge that one percent or more annually to clients.