Does Your Advisor Practice What They Preach?

Physician's Money DigestNovember 2005
Volume 12
Issue 15

Your fund manager has set you upwith a solid mutual fund portfolio andyou think you're all set for a securefinancial future. Then you find out thatthey have investments in entirely differentopportunities. Shouldn't your fundmanager have investments aligned withthe advice they're giving you on yourown finances? It's rather hard to trustsomeone who doesn't take their ownadvice, and it may affect your businesswith them. According to a Market-Watch article, there are ways you canfind out if your fund manager is a fellowshareholder. Fund managers mustreport fund ownership to the SEC,although they can do so in wide ranges,such as $100,001 to $500,000. Severalfund companies also post this informationon the Internet. Ownership informationis usually included in a fund'sStatement of Additional Information(SAI). The SAI can also contain informationabout manager incentives andbonuses. The ownership amount canbe found under the manager's name onthe document.

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