Thursday, June 22, 2017

New York Times Touts Local Investment Firm

Check a coveted glam profile of a local firm for the rare few denizens of our blog community who don't just keep all of their cash in a coffee can or under the mattress . . . "Creative Planning, is at the vanguard of a profound shift in finance: the move away from brokers and mutual fund companies peddling products for a fee, and toward firms offering truly independent, low-cost investment advice."

Read more:

A Kansas Investment Firm Spurring Change on Wall Street

That is about $1 trillion more than what hedge funds administer, and with no sign that this growth will diminish anytime soon, independent advisers - with their vast exposure to "sticky" retirement money throughout the country - have become crucial distribution channels for the biggest names in the industry, including BlackRock, Vanguard, Pimco and Goldman Sachs.

3 Comments:

Anonymous said...

According to this article, what are some clues that Mr. Mallouk has his head screwed on straight?

He drives a Honda, living well below his means.
He doesn't have a secretary.
He's home most nights for his children's activities and family dinner.
His office is near where he grew up.
He's the son of immigrants.
He's an advocate for the individual, not the large brokerage houses.

Anonymous said...

^^^...you believe everything you read?

Anonymous said...

KC Star taught me not to!