Image Credit: Christophe Vorlet
By Jason Zweig | May 4, 2018 11:34 am ET
If you want to travel to beautiful resorts for free, become a financial adviser.
Later this month, three dozen advisers will spend three days at the Ritz-Carlton Hotel in Marina del Rey, Calif., all expenses paid. Next month, about 75 wealth managers will spend four days and three nights in Mexico City, staying at the Four Seasons Hotel and dining at lavish restaurants like Cipriani and Nobu. The advisers won’t have to pay for their airfare, hotel, meals or entertainment.…
To read the rest of the column:
The Wall Street Journal, https://blogs.wsj.com/moneybeat/2018/05/04/the-free-trips-your-financial-adviser-takes-could-cost-you/
For further reading:
Books:
Jason Zweig, Your Money and Your Brain
Jason Zweig, The Devil’s Financial Dictionary
Benjamin Graham, The Intelligent Investor
Articles:
Zachariah Sharek, Robert E. Schoen, and George Loewenstein, “Bias in the Evaluation of Conflict of Interest Policies”
Sunita Sah and George Loewenstein, “Nothing to Declare: Mandatory and Voluntary Disclosure Leads Advisors to Avoid Conflicts of Interest”