It's been two weeks now since Demos released its controversial white paper on mutual fund fees to a torrent of favorable mainstream media coverage. Unfortunately, judging from the series of follow-up articles in the financial press, it looks like those mainstream reporters failed to undertake the usual fact-checking.
As reported on this site and other outlets, once they had the opportunity to fully vet the paper, industry groups questioned the papers conclusions and methodology.
A BenefitsPro article showcased the view of the ASPPA while a FiduciaryNews.com article offered the opinions of the ICI and BrightScope's Mike Alfred, both of whom claim the Demos report incorrectly used their raw data.
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Christopher Carosa
Chris Carosa has been writing a weekly article and monthly column for BenefitsPRO online and BenefitsPRO Magazine since 2011 and is a nationally recognized award-winning writer, researcher and speaker. He’s written seven books, including From Cradle to Retire: The Child IRA; Hey! What’s My Number? – How to Increase the Odds You Will Retire in Comfort; A Pizza The Action: Everything I Ever Learned About Business I Learned By Working in a Pizza Stand at the Erie County Fair; and the widely acclaimed 401(k) Fiduciary Solutions. Carosa is also Chief Contributing Editor of the authoritative trade journal FiduciaryNews.com and publisher of the Mendon-Honeoye Falls-Lima Sentinel, a weekly community newspaper he founded in 1989. Currently serving as President of the National Society of Newspaper Columnists and with more than 1,000 articles published in various publications, he appears regularly in the national media. A “parallel” entrepreneur, he actively runs a handful of businesses, including a small boutique investment adviser, providing hands-on experience for his writing. A trained astrophysicist, he also holds an MBA and has been designated a Certified Trust and Financial Advisor. Share your thoughts and story ideas with him through Facebook (https://www.facebook.com/christophercarosa/)and Twitter (https://twitter.com/ChrisCarosa).
