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Subject:  Re: NYTimes: Beware of Fancy Financial Advisers Date:  7/8/2012  11:49 AM
Author:  pauleckler Number:  70814 of 88535

There was a time with every investment firm or brokerage out there had their own private label mutual funds. Many copied the objectives of the most popular funds of the day, and seemed to be equivalent. But often their management and performance were mediocre. That made them highly profitable for the firms to promote, but to the disadvantage of investors.

In recent times, many have sold off their private label mutual funds. I thought those days were over. But caveat emptor seems to apply. Some are apparently still out there.
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