Make no mistake. There are plenty of wolves left on Wall Street. They just don’t call themselves wolves anymore. In fact, they do everything in their power to look like innocent, cuddly sheep. They setup as RIAs now. Many even preach a low-cost, passive or index-based approach to ......
The investment industry is a remarkable industry. There is so much innovation in a space where the nuts and bolts have always been the same. Put them in the hands of investment bankers and you will see them conjuring up products to sell to you. Whether that is to your advantage is another matter.
We always advocate that going to a fee based advisor is a better route due to less economic bias in their advisory service. Yet this article by FELDER Report highlights the CON ARTISTS are shifting to a fee based model. And you may not be there to gain:
