CaliforniaMan
Full time employment: Posting here.
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My biggest concern is the churn.... there is NO reason to keep changing funds at a rapid clip... zip, zero, nada.... funds fall into a class, and the biggest difference in them are the fees... and an S&P fund is and S&P fund... there is not enough diff in them except for the fee.... or it is NOT an S&P fund....
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Also my biggest quandary about this thread is the fund churning. I had not heard about an FA churning funds like this before. Is it common? Do they give any reason for it? Is it to get the client to think they are "earning" their keep, to hide fees? Not asking about IPs FA, but more in general. Anyone heard of this kind of thing happening before or why?