Investing and Wealth Creation in a Rigged System
How to Invest Wisely Amidst Conflicts, Hidden Fees, and Biased Advice
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Narrated by:
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Terry Silverthorne
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Written by:
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Billy Desai MBA CFA
About this listen
Understand the deep-rooted problems of a conflicted industry:
- History of the Wealth Advisory Industry
- Conflicts of Interest: Commissions and hidden fee shares
- False Fiduciaries
- Inefficient Asset Allocation Models: Constrained scope and inefficient portfolios
- Overlooked Asset Classes
- AUM, an illusion of quality
- Unqualified Advisors: CFPs are not true investment professionals
- Financial Plans on Unstable Portfolios
- Lack of Data Analytics: Heavy reliance on subjective stock picking
- Fees Prioritized Over Clients
- Hidden Costs: Mutual funds and other high-fee products
- Annuities: A misleading sense of security
- Lack of Independent Thinking
- Institutional vs. Typical Portfolios: Examples of institutional investment philosophies