Fees

Our take on the investing, financial, & economic themes of the day

Why No More Christmas Presents from Stockbrokers?

11 December, 2015 by Paul Devine in Commentary
In an earlier era in the money-management business, the second half of December was accompanied by the arrival at the O’Brien Greene & Company offices of wheels of cheese, cartons of delicacies, bottles of liquor, cases of wine, barrels of popcorn, umbrellas, rain hats, and such, sent by ... read more...

An Ockham’s Razor for Investing, Part I

16 October, 2015 by Matthew O'Brien, Ph.D. in Commentary
Should a wealth manager spend his time picking stocks or picking funds that pick stocks?  I pose the question because at O’Brien Greene we pick stocks (and bonds and other publicly traded securities like real estate investment trusts or REITs) for our clients, and we think that this is a ... read more...

Technology Can’t Solve the Mystery of 401(k) Fees

14 July, 2015 by Matthew O'Brien, Ph.D. in Commentary
A recent article in Bloomberg by Ben Silverman asks whether opaque and excessive fees in 401(k) plans can be solved by technology.  The answer, unfortunately, is a resounding no.  The article profiles an Israeli startup called FeeX which purports to analyze your 401(k) and give you ... read more...

The Optimal Vehicle for Successful Long-term Investing

6 March, 2015 by Matthew O'Brien, Ph.D. in Commentary
Clients of O’Brien Greene have the advantage of owning their investments through separately managed accounts, which may be the best way to invest over the long term.  Let me explain. In his 2011 letter to shareholders of Berkshire Hathaway, Warren Buffett defined “investing” ... read more...

Brokers and the 401(k) Fiduciary Problem

27 January, 2015 by Matthew O'Brien, Ph.D. in Commentary
Since I knocked Bloomberg’s reporting in my previous post about Tesla, let me reference an important article that the news service ran recently, “Billions in Lost 401(k) Savings, Abusive Brokers Under White House Scrutiny.”  Right now the Department of Labor is deliberating ... read more...