Sunday, April 6, 2008

Mutual Fund Advisor

I recently read a letter by a reader in a personal finance magazine which was a really hard hitting and I am reproducing the same here for the benefit of all :
"The author while welcoming the move which does away with the need of an mutual fund agent says 'why pay the agent just because he gets me a form while it is I who decides on the funds to buy"., It's like saying why pay the doctor just because he writes a prescription for my headache. Just like the doctor, who does more than writing prescriptions, an agent does more than just getting a form. "

Now I would be very happy if you can give your opinion on this.
Thank you.

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