Wednesday, July 12, 2006
Compensation System For Many Financial Advisers Weakens Their Advice On Mutual Funds
These two spirited e-mails, typical of nearly 100 I've received on the subject, came one right after the other in response to the same column.
"I took exception to your recent putdown of load mutual funds," wrote a financial adviser who sells both load and no-load funds; that is, funds that charge a sales commission when you buy or sell, and funds that don't. "All the financial columnists I've ever read advocate no-load mutual funds," the adviser said. "The one thing that continually irks me is that you collectively think anyone can manage a stock or mutual fund portfolio and should choose no-load funds.
Compensation System For Many Financial Advisers Weakens Their Advice On Mutual Funds
Source: Florida Sun-Sentinel
"I took exception to your recent putdown of load mutual funds," wrote a financial adviser who sells both load and no-load funds; that is, funds that charge a sales commission when you buy or sell, and funds that don't. "All the financial columnists I've ever read advocate no-load mutual funds," the adviser said. "The one thing that continually irks me is that you collectively think anyone can manage a stock or mutual fund portfolio and should choose no-load funds.
Compensation System For Many Financial Advisers Weakens Their Advice On Mutual Funds
Source: Florida Sun-Sentinel
Permalink posted by armandn @ 12:10 PM 
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