 The Wild Wild World of Wealth |  |
Like all good things (including commissions paid per trade), wrap fees can and do work well and they can and do work very poorly. As always it depends more on the skills, experience, and integrity of the advisor and the investment firm training, guiding and supervising him or her than it does on the method of compensation.
Have you ever wanted to kick somebody’s ass? No I don’t mean the Sisters of Charity to the left. Check out Brian Mahany’s latest post. You won’t believe the story he unearthed on a government website.
What is asset protection? As a stockbroker, I warned clients about “predators and creditors.” Let’s face it. We live in a litigious world. Get in a car wreck, and your assets may be attacked. Homes. Family businesses. Savings. And predators aren’t restricted to collisions on the highway. There’s always the altar. Is asset protection some [...]
I feel great. I never sleep like this. All warm and toasty and swaddled in goose down. Wow. What’s better than sleeping late? I may never get out of bed. What time is it? Nine thirty. I bet it snowed last night. Probably need to shovel the driveway. No way. I’m going back to sleep. [...]
Next week I’m starting an advice column for finance professionals: Worst Case Wednesday. It’s about what to do when the unthinkable happens. You’re late for a meeting—even worse, you sleep through it. The SEC shows up at your front door. Your client asks an uncomfortable question, inviting a white lie. You flunk the Series 7. [...]
The 30 percent reward encourages advisers to turn in their clients. This incentive may promote public policy. But I really don’t understand why lawyers…sit in the front of the bus.
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