Values Aren’t Hobbies

“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

Caveat Emptor.