“Helping consumers become more aware of product ownership can give them more control of their financial future, and really, increase their overall financial literacy,” says Laura Varas, CEO and founder of Hearts & Wallet. (Photo: Shutterstock)

One in five consumers don't know where they're invested, but despite that, the Shareholder Awareness Score has improved at Wells Fargo Funds, iShares (BlackRock), and American Century. (Photo: Shutterstock)

A Hearts & Wallets report finds that 20 percent of consumers still can't identify either the investment products they own or the firms from which those products come.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.