article thumbnail

Should you die and go to hell before selling an annuity?

Sara Grillo

Are commissions bad? Macchia argues that mutual funds and REITs are not fiduciaries; product manufacturers are typically not. Are commissions bad? Salaske said he wonders if the people who really need them are getting sold annuities that don’t produce a huge commission. Salaske and Grillo bristled, but did not rebut back.

article thumbnail

Should the CFP Board police financial advisor “bad apples”? The debate continues! (Part Two)

Sara Grillo

Wright: Yes, So yes, is the quick answer, the more convoluted answer would be that we should control internally… We’re a fraternity of ethics and competency testing that should be different from the SEC. Salaske: Right, now.

CFP 59
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

31 Passive Income Ideas to Build Real Wealth (Updated for 2023)

Good Financial Cents

Most brokerages no longer charge trading commissions which is a huge saving for us! Open an Account Commission-free investing Allows fractional shares in stocks, ETFs Small minimum investment: $100 5. They then earn a commission on the products that they sell. However, my favorite online broker right now is M1 Finance.

article thumbnail

We’re All Reasonabilists Sometimes

The Better Letter

Nearing 400 years ago now, Thomas Hobbes noted and accounted for a crucial difference between geometry and ethics: We disagree about and dispute matters of ethics routinely but geometry almost never. Then again, our values and desires make our search for truth harder still.

Ethics 85