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0.General, 1.Market Observations, 2.financial advice

Jun 2014 (CNBC) – Confessions of a financial advisor

[COMMENT: This is a great read, for those who are a little in the dark about the financial advice industry. Now this material originated in the US where the laws may be a little different to other countries (like Australia); but the warnings still apply. It pays to make no assumptions about the financial advice you receive, and to know as much as you can about the fees, commissions and charges.]

(19 June 2014, CNBC, James Sanford, portfolio manager at Sag Harbor Advisors)

‘Most investors know their financial advisors take a percentage for managing their portfolios, but they probably didn’t know the mutual fund industry is also giving these advisors commission for pushing specific equity mutual funds, unbeknownst to investors. I’m not talking about front-end load fees. I’m referring t…’

Read the full story at CNBC.com

 

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Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

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