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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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Free Opinion
Sponsored by James J. Eccleston, an attorney representing stockbrokers, financial planners and
investors nationwide in arbitration, litigation and regulatory matters, and a shareholder with the law firm
Shaheen, Novoselsky, Staat, Filipowski & Eccleston
P.C.(www.snsfe-law.com). 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 advisor when building and protecting your wealth.
All content Copyright © 2008 Advocate Capital Management, Inc. except where noted. All rights reserved.
20 North Wacker Drive, Suite 2900, Chicago, Illinois 60606
Telephone: 312-621-4400 | Fax: 312-621-0268
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