Investing - Theory, News & General • [Advisors are pressured by Fidelity to put Clients in more expensive investments]

Along with nedsaid and sycamore and others, I think glitchy needs to provide some documentation.

I'll see if I can find what I read--it was something on this very forum, so by the usual standards here probably reasonably well-informed but not authoritative.

Then again, I'm another person posting on this forum and judging by the replies above I may be very badly-informed! Anyway, I'll try and find it and report back.

In the more general case, though, I wouldn't be surprised if the last few years were an aberration and there will be some kind of movement towards a higher-friction market in both mutual funds and ETFs--brokerages are getting squeezed enough that something may very well give. I hold Vanguard ETFs and Fidelity funds at Fidelity, and sure maybe my VTI doesn't do much for Fido but how much do they even make on my FZROX and FZILX? When something is "free" in this world it's usually either something that they've found a way to make incidental money off of (e.g. share lending, PFOF) or something that they're actually taking a loss on in order to get you in the door, hoping that you'll sign up for expensive stuff later. With some products I'm not sure which is which.

Statistics: Posted by glitchy — Sun Jan 19, 2025 7:16 pm — Replies 131 — Views 6165

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