The Financial Times (ft.com) features a podcast that discusses a unique concept: refunding to clients the trailing commissions paid to brokers. Many investors with traditional brokerage firms may not be aware that their advisor receives Section 12B-1 fees from certain mutual funds. Should this money be refunded to you, the investor?
Well,apparently in Great Britain, this is an option. Here is the link to the podcast:
http://podcast.ft.com/?segid=70118
And Suze Orman offers an online slide show to help you shop for a good financial advisor:
http://www.cnbc.com/id/33914402?
As always, we believe our approach, acceptance of no outside vendor fees, is best for clients.
