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#356: Peter Mallouk — Exploring the Worlds of Investing, Assets, and Quality of Life

The Tim Ferriss Show

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Is My Financial Advisor an Independent Adviser?

In the united states, most advisers don't have to act in their clients best interest. 90 % of advisers in the united states do not have a feduciary obligation to their clients. If i'm sitting with somebody and they make more money if i buy a private equity fund than a stock fund, well don't be surprised if you wind up being sold the private equity fund. I would recommend people get the edition with the illustrations by the author. Also anrate. I you get the profit. You are going to avoid a lot of things that are going to result in you not getting the best types of investment vehicles. And then it all becomes about competence - looking for a doctor who

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