Kevin Kroskey's Money & Mind

I've always been amazed how the larger investment firms get away with blatantly anti-consumer behavior. Obviously they have deep pockets to lobby Congress in addition to advertising heavily during Sunday's televised golf match. I know some very good investment brokers, but I have no idea why they choose to stay in that culture. This video has a funny spin on highlighting the differences between fiduciary advice and advice that is not necessarily in the client's best interest but deemed 'suitable.' It's worth a 5-minute break in your day.

Unfortunately for consumers, the financial advice profession is clear as mud. The large Wall Street firms aim to keep it this way with their deep pockets and lobbying efforts, because less transparency equates to greater profits. Ultimately, consumers want advice but are often simply sold product. Watch the video below for a short and amusing analogy of the issue and to gain greater clarity. - Kevin Kroskey, CFP, MBA