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 Ron Howard: The biggest financial mistake I made was hiring a money manager

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RR Phantom

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Ron Howard: The biggest financial mistake I made was hiring a money manager Vide
PostSubject: Ron Howard: The biggest financial mistake I made was hiring a money manager   Ron Howard: The biggest financial mistake I made was hiring a money manager Icon_minitimeFri Oct 28, 2016 10:15 pm
If he could do it all over, actor and filmmaker Ron Howard wouldn't use a money manager.

Ron Howard: The biggest financial mistake I made was hiring a money manager 104059602-GettyImages-613071844.1910x1000_original

In fact, handing his money over to an adviser was the biggest financial mistake he's made, he said in a recent interview with CNBC's " Closing Bell ."

"I'm sure it's the advisers that we chose, but unfortunately we found that it was a zero sum game, more or less," says the director of "A Beautiful Mind," "Apollo 13," and most recently, "Inferno," which opens in theaters Friday.

After all, for investments other than retirement accounts , financial advisers aren't always required to act in your best interest , although that's changing with the new "fiduciary" rule that goes into affect in April.

Those not working to the fiduciary standard are held only to a suitability standard, meaning their advice must be suitable for the clients' financial situation, but is not necessarily in their best interest.

https://au.finance.yahoo.com/news/ron-howard-biggest-financial-mistake-135530835.html
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