I think this is probably the worst self-inflicted policy wound that a country has done since the Second World War.
—Former US Treasury Secretary Larry Summers
So Think of Fees Like Termites...
So think of fees like termites. They're tiny, they're barely noticeable, and they can eat away your f***ing future!
—John Oliver
John Oliver is great at explaining complex topics in a clear, down to earth, and humorous way. Last week he explained the messed up world that is financial advising.
As a favor to your future self, it is worth watching this for 20 minutes.
1Q16 CIO Commentary
Forced Conscientiousness
Broker-dealers and insurance companies will soon be forced to act in the best interests of their clients by the Department of Labor. The new laws only apply to retirement accounts, however. Buyer beware continues to be the name of the game when it comes to taxable accounts advised by broker-dealers and insurance companies. RIAs, like AlphaGlider, have always had to act in the best interests of their clients with any type of account.
