“If you don’t stick to your values when they are being tested, they’re not values: they’re hobbies.” Jon Stewart
Investors have a clear choice on who manages their money.
They can choose this:
“Merrill Lynch may reverse a ban on commissions in retirement accounts the firm manages, marking a potentially significant retreat for a leading advocate of fee-based accounts.” Wall Street Journal
Or
“We are building a firm around the message and what we are doing for clients. It’s so much better than people we just wrote checks to. When you write a check, it’s just mercenaries. We really are a culture.” Josh Brown, CEO, Ritholtz Wealth Management
If you have to tell people to do the right thing it never works. https://t.co/ny0mo62O9F
— Anthony Isola (@ATeachMoment) June 15, 2018
Caveat Emptor.