NBER Study on Financial Advisors-Updated

[lloydbraun]

A few minutes ago I copied and pasted part of an article but violated the forum's policy with regard to copyright (I need to make sure to read more carefully!) so I deleted and am providing a link here for those of you who are interested:

http://www.nber.org/papers/w17929

Some of the paper's main findings are that most fee based financial advisors try to point investors towards active managed funds, not passively managed funds, and that many are anti-index fund and engage in performance chasing. There's a lot more in this paper but these are some of the highlights.

[pkcrafter]

Here's a link that everyone can access--

http://scholar.harvard.edu/files/the_market_for_financial_advice_an_audit_study_0.pdf

Paul

[lloydbraun]

Awesome, thanks for doing that!