Reverse Churning Could Be a Financial Advisor's Nightmare. Here's Why
Reverse churning is the practice of charging a flat fee for idle accounts. It is a form of fraud since in doing so you are breaching a fiduciary duty to your client, who would be better served with a per-transaction fee structure. It can cost your firm its money, its clients and potentially even its […] The post Why Financial Advisors Must Avoid Reverse Churning appeared first on SmartReads by SmartAsset.
Source: yahoo.com