Thread: Money Investing megathread extravaganza
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Old 11-08-2017, 03:38 PM   #1382
lewdog lewdog is offline
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Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
Originally Posted by ChiliConCarnage View Post
They sell people. Small one person offices with someone you can talk with
That person will likely sell you whatever pays them the most. They got in trouble w/ the SEC for not disclosing that conflict of interest so now it's in a document on the website



In that document you can see which funds are paying them. It's your AUM collectors you see in lots of shitty small company 401ks charging 1.4%. American Funds, John Hancock.

They are very, very popular and it surprises me. When the DOL fiduciary rule came out their first public position was that they would pull mutual funds and ETFs from their IRA options. Seriously
Just read some articles pertaining to them. Jesus, terrible.



Munson, switch your money to something else. Edward Jones will be taking way too much of your future money!
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