Suitability Is Costly

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.


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