Bill Ramsay, CFP®, was recently quoted on Financial-Planning.com. Bill was contacted by Donna Mitchell regarding the topic of a new partnership between Fidelity Investments and Kohlberg, Kravis, Roberts & Co.
“Too many of them do not do well, and the frenzy that exists when the IPO market is hot makes the problem worse as the average investor tends to significantly overpay when their gambling switch is turned on.”
“Exclusive access also denotes an understanding that Fidelity markets KKR’s IPOs sufficiently, regardless of whether they have an opinion about whether it is likely to be a good investment.”
Click here to view the original article, Fidelity, KKR in Partnership to Sell IPOs to Retail Clients
