Talk of The Villages Florida - View Single Post - Do financial advisors act in their clients' best interests?
Thread: Do financial advisors act in their clients' best interests?
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Old 10-04-2024, 08:30 AM
retiredguy123 retiredguy123 is offline
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Originally Posted by Boomer View Post
Does anyone have an opinion on why an advisor would put someone into closed-end funds? CEFs have high expenses and use leverage and it seems like there would be other kinds of funds that would be better.

Is there an advantage to closed-end funds? Whose advantage is it?

Boomer
It is for the advisor to make a commission. That is who benefits from it.