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Douglas Gill quotes

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    I Like this quote I dislike this quote“Wall Street has lost business to fee-based advisers in the last several years.”

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    I Like this quote I dislike this quote“Outside of honoring those specific instructions that you implement on the front end, they have full discretion to buy and sell whatever they see fit.”

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    I Like this quote I dislike this quote“There can be more moving parts to them. It does require that somebody keep up with it.”

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    I Like this quote I dislike this quote“Typically, in a separately managed account, the fee that you pay as an investor includes transaction costs, so there's no incentive for the money manager to run up transactions on you.”

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    I Like this quote I dislike this quote“There's better tax control inside a separately managed account.”

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    I Like this quote I dislike this quote“The financial adviser's job is to marry up the proper money manager's strategy with your unique individual needs as an individual investor and your tolerance for risk.”

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