A Double Win for Wall Street at Your Expense

Jun 12

This is a great post by Ben Carlson at A Wealth of Common Sense which highlights one of my main purposes for starting TAMMA which is to provide affordable wealth and asset management planning which provides value to my clients.  

Carlson highlights the increased fees that Wall Street firms are charging not only for advice but an increase in the fund management fees that these firms manage and likely recommend for inclusion into your portfolios.  A double win for the Wall Street firms.
One last point that Carlson discusses is that these higher priced funds end up under-performing their benchmark funds by a wide margin.

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