For decades retail investors were overlooked and underserved. The rich might have dabbled in trading stocks directly, but most workers earned defined-benefit pensions, which kicked any portfolio-management decisions regarding their biggest pot of savings to pension funds. The transition to self-directed 401K retirement plans, registered investment advisers and retail brokers was at first accompanied by wide trading spreads and meaty fees.

几十年来，散户投资者都被忽视，得到的服务也不够。富人可能早已直接进入股票交易市场，但大多数工人获得的是固定收益的养老金，这导致他们所有的投资组合管理决定都与养老基金相关。起初，向自我导向的401K退休计划、注册投资顾问和零售经纪人的转变，都伴随着巨大的交易差价和巨额费用。

dabble / ˈdæbəl /
( dabbling , dabbled , dabbles )
V-I If you dabble in something, you take part in it but not very seriously. 涉猎
例：
He dabbled in business.
他曾涉足商界。

defined-benefit 固定收益
ADJ denoting an occupational pension scheme that guarantees a specified payout, usually based on an employee's final salary and years of service 养老金福利的; 指企业年金计划，通常是基于雇员的最后薪水和工作年限为雇员提供的明确金额养老金 ( abbr: DBAlso called final-salary)

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