A broker acts as the intermediary or middleman between a buyer and a seller and earns a commission from the transaction. There are brokers in just about any kind of business – real estate, mortgage, insurance, bonds, stock market, customs, commodities, foreign exchange, etc. In the stock market, the broker is the link between the investor and the stock exchange. Brokers as a rule have to sit for exams to earn a license in order to solicit business, offer any advice and transact on your behalf.
Is there a sense of “swimming upstream” when trying to propagate goal-based investing--as described in your new book Risk Less and Prosper--among existing financial advisors? Conventional practices and economic incentives are so heavily skewed towards modern portfolio...
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While it might be an unusual time to provide an explanation of Swiss annuities given what has been taking place of late with the Swiss franc and related decisions made by the Swiss National Bank, it still makes sense for any financial services consumer to understand potential benefits of these products.
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Anyone thinking about retirement income should pick-up a copy of Retirement Portfolios by Michael Zwecher. This recommendation applies to both financial...
