• Posted By Roy
    Thursday, June 09 2016 at 3:31 PM
    So... they were like annuities that show an account value that is higher than the surrender value.
  • Posted By D. Merkel
    Thursday, June 09 2016 at 2:46 PM
    Managing your own property is very active investing. For passive investing, where the only thing a person does is commit capital, that is where fiduciary duty comes in on the part of the managers. And, high commissions? No disclosure? Please. There should be mandatory disclosure of all commissions.
  • Posted By K. loebel
    Thursday, June 09 2016 at 11:57 AM
    If a client wished to purchase a building, obtain renters, maintain the building, and collect rents, and later sell the property, would there be real estate commissions, fees, and management fees? Of course there would. This is an indirect way to own real estate and the benefits of rental income without being on site and having all of the hassles that go with that. Tax payers pay $25,000 for toilets regularly. Where's the fiduciary duty?
  • Posted By mhh
    Thursday, June 09 2016 at 9:20 AM
    A person either has a high ethical standard of care for others, and the moral compass to put the customer first in all respects regardless of one's own compensation, or not. Morals cannot be legislated, and a DOL Fiduciary Rule will not prevent charlatans from defrauding individuals. FEE BASED advice is no better than the person giving it, no matter who or how he/she gets paid. This whole nonsense is disgusting.
  • Posted By mhh
    Thursday, June 09 2016 at 9:16 AM
    This whole business of FIDUCIARY DUTY is directly attributable to publications such as Financial Planning and others beginning about 15-18 years ago that so heavily promoted FEE-BASED advice as a way for Advisers to make MORE MONEY, and characterizing commission based RRs as inherently conflicted. Well, now it all comes home to roost. (to be continued) . . .
  • Posted By pncf1@aol.com
    Wednesday, June 08 2016 at 4:56 PM
    Keep in mind that IBDs had on going fees from some of these nontraded REITs that may have never been dislosed