Even after getting burned in 2008, investors keep coming back to advisers who cost them as much as 25% or more of their investment income. (Calculate a fee of 1½% of your investment assets against total investment income and you get an approximate idea of what money advisers get from clients each year.)
The trend for using investment advisers appears to still be growing. Despite the fact these same folks were generally unable to prevent the damage from the recent market debacle.
You can easily invest in index vehicles using common sense, as I have often said and always recommended. Avoid advisers, except for necessary lawyers, accountants and tax experts you may need. ( See the Earl J Weinreb NewsHole® comments.)
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