UnThreaded | Threaded | Whole Thread (14) | Ignore Thread Prev | Next
Author: pauleckler Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76237  
Subject: Re: HR-2374. Delays adviser fiduciary responsib Date: 11/5/2013 1:38 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 2
I think it is understandable that an industry that depends on fees for services and commissions is very concerned about any changes that might impact their income and employment. Yes, we need to be careful.

Still I think we realize that 3% to fees in the days of 30% stock market returns and 10% interest rates were not very significant. But low interest rates and moderate returns squeezes those margins. They are now much more visible, and the industry does need to adapt to the new reality.

You would think the quality service providers would support means that would drive out the worst offenders. Customers should realize that one way or another they will pay for the services of the people who help them. Those fees should not be hidden.

And why would a professional salesman sell a product that he knows under performs or is not competitive with the market? Let's drive bad products out of the market and give the salesman incentives to sell quality products.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (14) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Macro Economics

Implications of the Ballad of Ted Plotz
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement