Category: Fiduciary Duty

Registered Investment Advisors | Vernon Litigation Group

When looking for a Registered Investment Advisor, make sure you do your due diligence before choosing and most importantly make sure you pay attention to fee structures as not all Registered Investment Advisors have the same fiduciary duties to you as a client and many times will promise you a high return on investment (ROI) only for the advisor to receive a high commission. Let’s remember, whatever it is, make […]

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A Shift in Fees | Vernon Litigation Group

Industry Changes Which Could Reduce the Costs of Portfolio Management A Shift in Portfolio Management Fees, Artificial Intelligence to blame? We agree with the Investment News assessment earlier this year that Schwab’s move from traditional assets-under-management fee to a flat monthly charge for robo-advising may begin to change the fee structure of the securities industry.. Based on our knowledge of the investment industry, we are also aware of many high […]

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Bond Substitutes | Vernon Litigation Group

DANGERS OF BOND SUBSTITUTES In the past, we have lamented that the low interest rate environment created by the federal government (after the 2008 financial crisis) massively punished the financially prudent Americans by destroying their ability to achieve returns on low risk bonds.   Many of these prudent investors were retirees born near or around the time of the great depression.  As a result, given their upbringing and the events of […]

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Wall Streets Ongoing Efforts to Avoid Fiduciary Standard are now Absurd

Dec 20, 2018 / Fiduciary Duty , Tags:

The self-interested behavior of Wall Street was fully exposed a decade ago by the greatest financial crisis in the last 50 years. Specifically, one of the core realizations that came out of this crisis was the fact that the business model of Wall Street was not aligned with the best interest of retail investors. As a result, the self-regulatory organization funded by the securities industry (FINRA) acknowledged that a fiduciary […]

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