"Smith Barney Deal Boosts Average Pay at Morgan Stanley"
From today's Wall Street Journal:
"Morgan Stanley's wealth-management unit paid out $7.8 billion in compensation last year, up from $6.1 billion the prior year, reflecting a full year of pay for the more than 18,000 brokers of Morgan Stanley Smith Barney.
Compensation in the brokerage business was 62% of net revenues, versus 65% in 2009." http://online.wsj.com/article/SB10001424052748704881304576093681617387352.html
How about that? You know how they get that money: your wealth gets shaved and that allows them to do well. Good for them. Life Keepers suggests doing something that is good for you: change the way you do business.
If you are a client at Morgan Stanley Smith Barney, how is that working out for you?
Do you know in actual dollars the amount you lose to costs every year? Find out. That is an important number - more important for you than any other.
But I am sure your broker won't tell you. We can figure it out: that's one of the most important principles we teach. We then show you a simple way to use the lowest cost ETFs to repeat everything they do - only better, and much cheaper.
We teach you how to keep that money, instead of giving it away. ETFLifekeepers@gmail.com
We don't invest your money. We teach you how to use the lowest cost ETFs to stop giving away thousands and tens of thousands of dollars EACH YEAR and keep that money instead.
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