Quote:
Originally Posted by CassieInVa
Many advisors are competent but most by law have no obligation to steer you to the right thing. They many times make recommendations based on what commission they will make. And if you don't really dig and research, you think you are paying them overall much less than you truly are.
I'm sure most of these companies are nice to their customers - they should be - they are getting a lot of your money. Even if your investments tank, they still get their cut.
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Yep.
Being responsible of my own wealth management, also means that I don't have to spend oodles of my investment money sponsoring Polo Teams, paying for big billboards... and incessant advertising/mailings/free dinners.
