Joe Hurley Quotes (5 Quotes)

It's a small ticket. When the average account size is around 10,000, the most a broker might earn is 300 to 400.

It's a double-edged sword because you definitely want protection for investors, but at the same time you don't want a cloud so investors are afraid to invest in them and their advisors are afraid to use them.

I always thought the financial aid treatment was the biggest problem with prepaid tuition plans. This change will make them more attractive. It's a good vehicle to hedge against tuition inflation.

They're all different animals as far as income limits, taxes, contributions, who controls the assets, and taxes. And like any other investment strategy, you're better off having more diversity, meaning you want to have a combination of them.

Even with the regulation, I see it as a bump in the road. Brokers need to get comfortable with the regulatory environment and have some common sense rules.