Monthly Archives: September 2011

Readers of our work know that we’ve been outspoken critics of the investment management industry.  Much of our criticism has been focused on how investment advice is priced and dispensed (see The Truth About Asset-Based Pricing and Investment Advice is … Continue reading →

For years, stockbrokers have routinely stepped over the regulatory boundary that divides traditional brokerage activities from investment advisory activities.  By taking advantage of regulatory loopholes, brokers have been able to offer investment advisory services while avoiding being held to the … Continue reading →

David Swensen, Yale University’s Chief Investment Officer, published on August 13, 2011 an op-ed in the New York Times in which he shines a spotlight on one of the mutual fund industry’s dirty little secrets – the punitive nature of … Continue reading →