The challenge from sports betting should be met with better, more innovative financial solutions for retail investors.

London-based ETC Group's products include a physically backed Bitcoin fund.

In its annual “Mind the Gap” study, Morningstar found that average investors lose out on 15% of fund returns.

Neil Gilfedder, the firm’s CIO, talks about how the RIA has incorporated its co-founder’s risk-adjusted investment analysis and how it stays transparent with clients.

While the slide that started last month was sharp and swift, it was driven by a narrow number of stocks.