The progressiveinvestor.org is the successor site of mutualfundreform.com, created in 2011.

The mission of both sites remains the same: helping firms, funds, and RIAs meet educated investors about how to grow and protect their money, while also pursuing a progressive financial agenda. 

Progressive political beliefs have to be implemented in the financial industry.

This is because there is a strong link between money and politics. And since the financial sector has the most contact with the investing public, it has largely evaded regulatory and political pressures to reform.

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This is a serious omission. The $3 trillion mutual fund industry plays a critical role in determining the financial well-being of millions of Americans. The industry’s problems range from conflicts of interest to lack of transparency, hidden fees, and high expenses.  These all severely affect retirement planning. The net impact of these anti-customer business practices impairs the ability of millions of Americans to build a secure financial future.

As a result of the Lost Decade of investment returns, it’s time for RIAs and fund companies to adopt a new customer-centric business approach. They have to decide whether their primary beneficiaries are their wholesaler sales forces or their shareholders. They cannot serve both.

Why Pursuing the Progressive Financial Agenda Matters to Investors

Progressive political people recognize that the financial sector is long overdue for change. This means mutual fund reform matters because high fees, in the form of the fund’s expense ratio, are often more important than the fund’s return. When fees are recurring, they have a negative compound effect. This means shareholders lose more money over time. Progressives should favor co-op financial institutions, such as credit unions, and work with investment professionals like RIAs who put their interests ahead of a brokerage firm.

For individual investors, this site believes that educated investors get better returns. For financial advisors (RIAs), and investment management firms, this site believes that the gains of long-term investing rely on long-term client relationships. So if you want to highlight your investment approach and services, consider a business listing on this site.

Your comments are always welcome at epstein.chuck@gmail.com

 

2 Comments

  1. John A Haslem
    November 8, 2015 at 8:04 pm — Reply

    Hi Chuck, Your new site is great! Say, how could I get pdf’s of your site’s past articles on mutual fund revenue sharing? thanks, jack

    • November 8, 2015 at 10:59 pm — Reply

      Hi John: You can get screen shots of the articles on my site that deal with revenue sharing or I can send you PDFs of the Word articles I wrote on the subject. I also covered revenue sharing in my book, “How 401(k) Fees Destroy Wealth and What Investors Can Do to Protect Themselves.”

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