Grocery shopping has evolved over the last year and US shoppers are finding new ways to stock up. A year ago, around 81% of consumers had never bought groceries online, but during the COVID-19 pandemic nearly 79% of shoppers have ordered online. Online grocery sales...
Conflicts of Interest, Hiding in Plain Sight
The Wall Street Journal reports that “Many major brokers, banks and financial advisers take revenue-sharing payments—legal kickbacks that mutual-fund companies pay to reward sales of particular funds. Such payments vary from 0.01% to about 0.15% of the amount invested.”
The article suggests you read your financial professional’s Form ADV Part 2 to find out.[1]
[1] https://www.wsj.com/articles/have-i-got-a-fund-for-you-why-brokers-push-some-investments-11546618879