“Is Your ETF Conflicted?,” The Wall Street Journal, March 12, 2019. JP Morgan discloses conflicts between itself and people buying into one of its funds in a 47-page brochure brochure.
Yes, knowing about conflicts your investment adviser may have is a good thing – it’s useful information. But maybe you should know anyway, as “Any large financial company has business ties that present conflicts ranging from who underwrites their bonds to where they route their trades.”
The disclosure could read, “We get more fees based how many of the included investments we manage; we may manage all of them.”
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