Since 2011, Morningstar has issued Morningstar Analyst Ratings on many of the largest mutual funds in the United States. In June 2017, Morningstar launched the Morningstar Quantitative Rating™ to provide a forward‐looking rating on all mutual funds. Morningstar uses a “robo‐rater”...

The votes that come with equities barely figure in retail investment decisions, especially the decisions aided by robo‐advisors. This low profile is consistent with the tiny effect a retail investor's votes would have, if she took them seriously. But despite this disinterest in voting...

Most risk tolerance studies are quantitative, even though many factors that may affect the manifestation of risk tolerance are qualitative. This study employed a mixed-methods approach to investigate how individuals consider risk tolerance as it relates to their financial situation. Fuzzy-trace...