choosing | Common News Update

The choice you make for how you want to receive professional financial advice can make or break your portfolio.Investors today have four main choices for how they want to receive financial advice, Ron Carson, founder and CEO of the Carson Group, said in an interview with CNBC.com.You can either go the traditional route and work with a human financial advisor or opt to work exclusively with a robo-advisor. Or you can select a bionic offering, which is a combination of both, or choose to work with a financial advisor on a retainer-fee basis.More from Investor Toolkit:Advisors turn to life coaches and counselorsRetirees leave $ 100B in Social Security benefits on tableHow much those advisor fees are costing youThe decision you make should be based on your personal goals, needs and objectives,...

Vulnerable people are playing "Russian roulette" when they need care in England, campaigners warn, as a quarter of services are failing on safety.The Care Quality Commission said drug errors, lack of staff and falls were major problems, after inspecting 24,000 services.Nursing homes had the worst problems, with a third falling short on safety.The CQC said the failings across services for the elderly and disabled were "completely unacceptable".The findings mark the completion of the first round of inspections under the "tougher" system launched in 2014 amid concerns problems were going undetected.One million vulnerable people use care services - either getting their fees paid by councils or funding it themselves.More than 200,000 of them live in nursing homes, which had the most serious pro...

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The biggest risk you face when choosing between a human and a robo-advisor

Vulnerable 'playing Russian roulette' choosing care