Category Archives: Conflicts of Interest

Problems with Shareholder Services Fees

Historically, there’s been significant confusion over the issue of fees and investment advice. Perhaps that’s because there are so many fee models to choose from — fee-only, fee-based, commission, hourly, etc.  Of course, the root of the problem may be, … Continue Reading

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How is a Broker Like a Butcher?

Would you ask your butcher if eating thick, juicy steak is the best thing for your heart? Of course not. You’d expect that his answer might involve a conflict of interest and misinformation. I ask this question because recently I … Continue Reading

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Mr. Smith Quits Goldman Sachs

With all we read about wirehouse brokers moving to the more consumer-centric independent registered investment advisor (RIA) business model, it is rare that these brokers publically share their rationale for doing so. While they certainly must address the issue with … Continue Reading

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BofA’s Move Increases Brokers’ Conflict of Interest

When Bank of America management decided to relieve Sallie Krawcheck of her duties as head of Bank of America’s wealth management division, they put more than 16,000 Merrill Lynch brokers in the hands of a new boss who presumably has … Continue Reading

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