How big index fund and ETF providers have increased their sway over publicly-traded companies while potentially discouraging competition. What can be done about it? Topics covered include: How market share for assets under management has become increasingly concentrated with big fund complexes like Vanguard and BlackRockWhat is a fiduciary relationship and how do asset managers serve as fiduciariesWhy do investors in index funds and ETFs have no input as to how fund sponsors vote on … [Read more...]
164 Plus: An Egregious Violation of the Fiduciary Standard
This week July 15, 2017 on Money For the Rest of Us Plus we look at an egregious example of a broker that sold a series of complex, illiquid investments to a 97 year old man, violating both a suitability test and the new fiduciary rule. We also look at a 25 year-old member's asset allocation and look at changes he might consider. … [Read more...]
148: Is Your Financial Advisor Loyal to You?
Why some financial advisors must show undivided loyalty to you while others can have undisclosed conflicts of interest. How to tell the difference. Photo by Matthew Henry In this episode you'll learn: What is the difference between an investment advisor and a financial advisor.What are fiduciaries.Are robo-advisors fiduciaries.Why is the Department of Labor's new fiduciary rule controversial.Things you should ask a financial advisor before hiring him or her. Show Notes Who Is … [Read more...]