Bates & Company, Inc.
|
Regional Vice President of Sales The Retirement Plan Company
|
Compass
|
AimPoint Pension
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
Loan & Distribution Specialist AimPoint Pension
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
Jane Q. Investor Testifies, and with Good Reason: 'I Am Angry. I Feel Betrayed.'
Ron A. Rhoades, JD, CFP [Opinion] July 9, 2013
"I was able to discern that [she] was being harmed, by a high level of fees and costs, a questionable asset allocation, and a somewhat tax inefficient portfolio. And, while the precise amount of additional compensation paid to the dual registrant firm and its 'wealth managers' will likely never be known, it is certain that insidious conflicts of interest were present -- which no doubt affected the quality of the 'advice' being provided.... [I]s this what the fiduciary standard has come to? ... Why do firms rely upon complex written disclosures ... when we have substantial academic evidence that investors don't read the disclosures ...? Even those that try to read disclosure statements ... rarely understand them[.]"
|
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |