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Three Financial Advisors Arrested
Comments
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To arrest any less would have been a complete waste of their time...0
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That would only be like robbery if the fee wasn't agreed and the adviser took it anyway or if the fee was for a particular service that the adviser had no intention to deliver. Otherwise it just sounds like a contractual arrangement, and while you might think it's expensive, it's nothing like robbery.
Well maybe the customer thinks they are getting more than is often delivered. I know what I do to manage my portfolio and paying 0.5% would be way over charging IMHO. Also when you compare that to a sensible withdrawal rate in retirement that might be 3% then it seems even more expensive to me. But if people are ok with paying these annual fees over and above fund and platform fees then who am I to tell them other wise.......but I'll avoid those charges by spending a just few mins on my portfolio each month.“So we beat on, boats against the current, borne back ceaselessly into the past.”0 -
If three were arrested, would that be 3.15 on the charge sheet because of the handling charge?Space available for rent0
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