10 Aug 2018

More Fee Pressure on Advisors Raises Questions About the Value of Financial Advice

The recent decision by Fidelity Investment that it will not be charging any fees for certain index funds through its Fidelity Zero Total Market Index Fund for US stocks and the Fidelity Zero International Fund for stocks outside the U.S. raises some important questions for both advisors and investors. The main

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25 Aug 2017

Why Bad PR Forced Principal Life to Settle Its Fiduciary Violations Lawsuit in Record Time

[sgmb id=”2″] What happens when one of the nation’s largest financial services firms victimizes its own employees?  Simple. It produces one of the fastest financial settlements in court history.   In the case of Krystal M. Anderson and All Others vs. Principal Life Insurance Company, a lawsuit filed in the

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28 Jul 2017

New Study Again Cites Importance of Low Fund Fees

[sgmb id=”2″] It is widely regarded in the modern world that the earth revolves around the sun. Now, it is time for more investors to understand that the fees charged to manage your mutual funds in a 401(k) and elsewhere all reduce your net investment returns. There is a direct

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09 Feb 2017

Judge Rules Conflict-of-Interest Has No Place in Investing, But Investors Must Still Beware

[sgmb id=”2″] When a federal court judge ruled on Feb. 8, 2017 that the U.S. Department of Labor’s fiduciary rule must still stand despite furious protests from the financial services lobby, it did not mean individual investors would automatically be protected from errant financial rep who continue to sell products

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06 Feb 2017

How $17 Billion Annually Goes Into the Pockets of the Financial Industry and Not Investors

[sgmb id=”2″] What does $17 billion mean to you? If you are an American investor, you should take note since this is your money. If you are in the financial services industry, you should take note because it is the money you get from fees, expenses and rebates that unsuspecting

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03 Feb 2017

Caveat Emptor: Trump’s Move to Revoke Dodd-Frank Means More Anti-Investor Initiatives Coming

[sgmb id=”2″] The Trump administration’s announcement today that it is moving to revoke the individual investor protections is bad news for unsophisticated, individual investors who are having a hard time saving for retirement and making higher return investments. Today’s announcement is the culmination of hundreds of millions of dollars spent

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27 Jan 2017

JPMorgan Chase Faces Fee and Conflicts-of-Interest Charges in Lawsuit

[sgmb id=”2″] It seems the more it changes, the more it’s the same. Conflicts-of-interest and charging excessive fees seem to be part of the DNA of major banks (such as  Deutschbank and its $10 billion money laundering scheme out of Russia and Wells Fargo), insurance companies and investment firms when it comes

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15 Jan 2017

Bad News For the Retirement Industry: 401(k)s and IRA’s Fail Compared to Pension Plans

[sgmb id=”1″] Two of the cherished gems of the investment and retirement industries are being criticized as failing and this means more bad news for Americans planning for retirement. The first gem to be tarnished was shown in an eye-opening research report from the Economic Policy Institute about the failure of

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02 Jan 2017

Fees, Revenue Sharing and Deregulation: How the New Trump Plan Will Raise Retirement Costs

[sgmb id=”2″] The Republicans have never hid their distain for regulation and now with the surprise victory of Donald Trump and his arch conservative vice president, the simmering Republican distain for reversing all things from the 1930’s New Deal will are going to be reviewed and partially reversed . This

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05 May 2016

The Financial Industry’s Greatest Conflict-of-Interest: Lobbying Against Their Own Customers

With the Department of Labor (DOLs) long-delayed, new fiduciary standard is now becoming more accepted, the financial services industry still has not confronted its biggest conflict-of-interest: using client’s money to fund lobbying campaigns designed to victimize their own customers. Like animals that eat their young, the financial services industry lobbying

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