Stock trading is to wealth management as opiates/painkillers are to pain management. Both can be part of a larger strategy that leads to an optimal outcome whil

Stock trading is to wealth management as opiates/painkillers are to pain management. Both can be part of a larger strategy that leads to an optimal outcome while minimizing risk, but the average layperson might not be able to accurately gauge/understand how minimize this risk. The argument then is consumer-facing stock trading services create a moral hazard similar to the one created by unscrupulous doctors or your neighborhood drug dealer.