Pittsburgh financial advisor ordered to pay fine for fleecing pro athletes, index funds are blamed for something else now. and the wealthy still use travel agents.
"If financial advisors accomplish just one thing—to give clients the courage to stay the course, to not sell at the bottom, and not buy more of the hot sector at the top—they’ve accomplished something of great value and should be proud of it."
A total of 22 actively managed mutual funds and exchange-traded funds have more than 5 percent of their portfolios in the company, according to Morningstar data.