Five Industry Trends Reshaping Financial Advice

Five Industry Trends 7 "Financial Advisor" of the 1990s - MUTUAL FUNDS! 8 Total Mutual Fund Assets (Billions) $6,000 $5,000 $4,000 $3,000 $2,000 $1,000 $0 1990 © 2013 Michael Kitces | kitces.com 1991 1992 Five Industry Trends 1993 © 2013 Michael Kitces | kitces.com 1994 8/24/1998 12:00AM Mutual fund supermarkets Equity Funds Bond Funds LET'S FACE IT: Buying a mutual fund can be a pretty confusing business these days, what with the proliferation of funds, fund families and fund surveys. What's the best way to assemble a portfolio based on FORBES' recommendations without being swamped by paperwork or unnecessary charges? 1995 Year Handouts/Materials: kitces.com/SECAMAC Consider opening an account at a financial services organization with a so-called mutual fund supermarket. These programs allow no-load funds from different families to be bought without transaction fees while consolidating holdings in one statement. Charles Schwab popularized the supermarket concept six years ago with its OneSource program. On Wall Street, as elsewhere, hot ideas quickly get imitated. Now more than 25 supermarkets vie for your attention and money. 1996 • The online Mutual Fund Supermarket! Forbes Hybrid Funds 1997 YAHOO! FINANCE 1998 charles SCHWAB EXTRADEⓇ TD Ameritrade Handouts/Materials: kitces.com/SECAMAC 1999 Kiplinger Money MORNINGSTAR st

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