More Choices in Financial Asset Management
After the dot-com bust, the 10 largest securities firms paid a $1.4 billion fine to the SEC for inappropriately recommending stocks to investors. But the public still had faith and the big firms seemed to be little harmed as to their reputation. In 2008, we have some of those same big financial asset management firms going under or being merged: Bear [...]
Financial Asset Management Choices for Retirees
Whether you do it yourself or hire an asset manager, your choices of financial asset management are several. Mutual Funds The favorite choice of American investors for their financial asset management, mutual funds delegate the day to day decisions to a professional management team. But the average fund charges about 2% annually (management fees, plus 12b-1 fees plus slippage costs) [...]
Categories: asset management, managed accounts Tags: financial asset management, retirement calculator, tax planning
