Below is a synopsis of this investment report:
- Many brokerages do not have their investors’ best interests at heart, and they encourage brokers to sell expensive products through loopholes created by the SEC.
- According to a study conducted by the White House, the difference between the “suitability” standard and the “fiduciary” one adds up to roughly $17 billion each year.
- Ask your financial advisor how they are compensated when managing your retirement accounts to get a better sense of where their incentives lie.
For full access to the investment report titled “Suitability Is Costly”, please contact us.