Why was EMAP developed?
The true behavior of the retail mutual fund industry was uncovered in 2003. Since then, instances of wrong-doing have been found at virtually every big-name mutual fund company. It has become quite clear that retail mutual fund companies and the managers who run them have embraced business practices that are good for them but harmful to investors. As a result, investors are suffering lower returns, incurring higher risks, and paying more in fees and taxes than we believe they should. We find all this very disturbing, and we believe that you deserve better. For detailed information about the mutual fund scandal and what it means for you, read Ric Edelman’s book The Lies About Money.
