Mike Milligan warns that your investment advisor should never also hold your money. Assets must stay with independent custodians like Fidelity, Schwab, or Vanguard. The Madoff scandal proved that separating advice from custody protects you from fraud.
There is literally, folks, there's no dumb question when it comes to your money. And if an advisor makes you feel dumb, you've got the wrong advisor in your corner. You should know who the custodian is. The big names, companies like Fidelity and Charles Schwab and Pershing. Is your money held directly at a mutual fund account like American Funds or Capital Bank and Trust or BlackRock or T. Rowe Price or even Vanguard? Right? Money shouldn't be held, right, by the same person giving the advice. It should not be like Mike Milligan does not hold clients' assets. One Oak Financial does not hold assets. We are advisors as investment advisor representatives. We are agents when we work with insurance companies. And our biggest though is that we're fiduciaries when it comes to building the plan. But we will always hold money in reputable institutions.
How to evaluate AI growth stocks (Nvidia, Oracle, CoreWeave) beyond market hype
How to evaluate AI growth stocks (Nvidia, Oracle, CoreWeave) beyond market hype
