Hmm perhaps another reason I shouldn't use a financial advisor lol... thoughts? Surprised it took 12 years to get noticed. https://www.google.com/amp/s/amp.cnn.com/cnn/2020/07/21/investing/morgan-stanley-adviser-fraud/index.html
This is definitely the outlier (outright fraud) rather than the norm, but steep advisory fees are their own special sort of stealing in the wrong hands.
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PM Manager, early 40s, married and ENM (Ethical Non Monogamous) AMA
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Crazy that people justify to themselves doing something like this. No one cares about your money as much as you do.
Yea this is unfortunate. Stealing from college fund for grandchildren? Come on