4min chapter

The Tim Ferriss Show cover image

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

The Tim Ferriss Show

CHAPTER

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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