David Klein
David Klein
eating found riddle solved third
By the third day of eating all raw, I found I had solved the riddle to my health.
advice adviser banks client element examine fee include means payment public recommend update
Theoretically, the distribution fee should include an element of payment for advice, after the banks complained that the public wouldn't pay for advice. But being an adviser means more than selling: one has to examine the portfolio, update it and sometimes recommend that the client sell.
hear love people playing shows
We really do love playing music. Most of what we hear from people at our live shows is, 'I had a lot of fun.' Well, I had fun, too.
advice eventually home majors open prefer situation telling unless
We're open to other people's advice. But I never want to be in a situation where someone else is telling us what to play -- unless it's someone we trust. But you know, we're not anti-label, we're not pro. We don't prefer majors to indies. Someone will eventually take us home or, if not, we'll do it ourselves.
advice allowed annual banks blanket clients compete create current encourage fee fund funds interest inventory mutual namely opposite possible prevent reach sell selling stock system unbiased
To create competition, the distributors - namely the banks - must be allowed to compete over fees and service. The current system does not encourage competition. With the banks getting a blanket annual fee for the customer's inventory of fund units, their interest will be to sell as many units in stock mutual funds as possible and to prevent clients from selling them, even when unbiased advice would reach the opposite conclusion.