Posts Tagged ‘financial advice’
Morgan Stanley Smith Barney
Last weekend, I went to New Jersey to meet a potential client who is an executive at a pharmaceutical company.
He told me that, as part of the executive benefit package, the company refers executives to Morgan Stanley where they get “free” financial advice. I smirked and said: “Well, we will find out how free it is. One thing I know, though, Wall Street firms are not known for charity.”
It turns out that Morgan Stanley advised him to open several, separately managed accounts (SMA), each with a management fee of 1.5%. The reason for the multiple accounts?
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April Wealth Management Roundup
Posted on: April 16, 2011
Conflict of Interest
Goldman Sachs, Rating Agencies Blamed in Senate Crisis Probe by CNBC
Where to Find Financial Advice? Probably Not Your Brokerage Firm by Oblivious Investor
Asset Protection
Protecting 401(k)s, IRAs From Creditors by WSJ.com
Investing
10 Ways to Beat the Market by Nathan Hale of Money Watch
Variable Annuities Don’t Belong in Retirement Plans by Mel Lindauer of Bogleheads.org
5 Sexiest Things about Indexing by Allan Roth of Money Watch
Value of Full-Service Brokers? By CXO Advisory
What’s My Job? By DIY Investor.
The Investment Scientist 