Do different types of investment and advisory services influence the results differently?
The key is for the local advisory service to have as many tools in the toolbox as possible. Some investment services offer their own proprietary funds, and there is always the danger be it perceived or real of internal bias favoring the services’ own proprietary product. They have a lot tied up in it, so it’s only natural that they are going to have a vested interest in promoting it. A proprietary fund cannot be the best choice in all situations. Investors need to be aware and cautious when approached about any proprietary offering, to make sure it is actually suited for their situation. With an MIA, the thing that works in your favor is that the costs are minimized (shared), the best money managers are custom selected to match your situation and the front-line advisory service that you work with doesn’t come out ahead unless the investment grows and you come out ahead. The local advisory service and the investment client are both on the same side of the table, as it were. You don’t ha
