It seems like the Financial Advisor saga won't go away.
A few updates.
- Ameriprise has been hit by a class action lawsuit for not disclosing how the brokers were compensated and thus "encouraged" investors (like me) to go one way when it may not have been in my best interest. (And look what happens when customers get angry in the digital age)
- Solid article in SmartMoney about the whole "financial advisor" industry
- Great comment on my work blog re: the same
I used to think I was savvy re: financial matters. I hate feeling like a fraier
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