! Financial Professional Terms: What They Mean and Why You Should Care
William Reichenstein , CFA, holds the Pat and Thomas R. Powers Chair in Investment Management at Baylor University and is head of research at Social Security Solutions, Inc .


N Krishne urs from NY posted over 4 years ago:

enjoyed reading valuable information.

Willie from IL posted over 4 years ago:

Very good information.

Michael from PA posted over 4 years ago:

A very well written article.
The article provides some insightful information on commission structure the broker receives for mutual fund he recommends to his client.

JStewart from IL posted over 2 years ago:

This article is reasonably good, but suffers from a major error. It implies that a "Financial Professional" is EITHER a Broker or "Investment Advisor", and that if you went to one of the big firms mentioned one would be using a "Broker". That is not necessarily the case. A "Financial Professional" may be both an Investment Advisor and a Broker, changing the "hat" so to speak depending on the client's needs. In fact all of the firms mentioned in the article, (Merrill Lynch, Edward Jones, UBS, etc..) ARE Registered Investment Advisors, and many of their Advisors are "Registered Investment Advisor Representatives". Additionally one may easily have a fiduciary relatiosnhip with an advisor at one of these firms, it just depends on they type of account you have, your needs, etc. The article attmpts to imply that one may only get a "Fiduciary" relationship from an RIA, which is not true.

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