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Brokerage Firm Customers
BE ADVISED: Most brokerage firms treat their individual investors as short-term traders, and profits are down as a result! Only 3 of 16 major brokerage firms matched the growth of the S&P 500 Index. But 9 of 16 firms in 1996 had turnover ratios of 100% or more, a possible case of churning/excessive trading, and bad planning for tax purposes. For 1997, 11 of the 16 are on track to reach 100% turnover!
Source: Zacks Investment Research, Inc. and Wall Street Journal
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Sponsored by James J. Eccleston. This Web site contains material of general interest. It is neither intended to, nor constitutes, either legal advice or investment advice.
Always consult an attorney and/or investment adviser when building and protecting your wealth.
All content Copyright © 2010 Advocate Compliance Partners, Inc. except where noted. All rights reserved.
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Telephone 312-332-0000 | Fax 312-332-0003
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