2015-03-01smnweekly.com

``Last week, President Obama jump-started efforts to require all financial advisers to -- gasp -- put their clients' financial interests ahead of their own... Chalmers and Reuter compared returns between do-it-yourselfers and those advised by brokers. Turns out, investors who fended for themselves outperformed the broker-advised investors by about 1.25 percent a year. Statistically speaking, the difference is roughly equivalent to the 0.9 percent annual fee charged by the advisers, Chalmers said in an interview.''



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