Fees are inevitable in the financial industry. No one can be expected to work for nothing and there is nothing wrong with a business earning a profit. The question is “is it a fair profit”. One of the problems of the financial industry is that for too long the fees have been excessive.
This is a new development, but I think it represents to a key turning point for the investment industry. Competing solely off of price is a bad idea unless a business produces a commodity product – like apples. The better idea is similar to buying at a discount store. You want to get good valu
