The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: NYTimes: Beware of Fancy Financial Advisers||Date: 7/7/2012 10:50 PM|
|Author: intercst||Number: 70813 of 82267|
Apparently they'll 'pick you clean'.
The issue came up again earlier this week in an article by my colleagues at The New York Times, who quoted former JPMorgan Chase brokers as saying they were encouraged to promote the firm’s own funds to customers even when more competitive investments were available. Not only were the funds expensive, but the bank also exaggerated at least one investment portfolio’s returns.
|Copyright 1996-2017 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|