[sketchers356]

Hello,

I manage my simple investments with Vanguard and I am very happy with their products and services.

My retired father has an account with Morgan Stanley and mostly invests in CDs (which have terrible rates right now). I finally convinced him a couple of years ago to invest in a bond mutual fund and that has done very well. I told him it was time to move to stock based funds and despite my judgement his adviser sold him some "13 month large cap stock unit trusts" (UITs). From my reading these have very high fees and are basically sold by the advisers because of this. What is some information that I can pass on to my father about UITs? Right now he is convinced that the Morgan Stanley guy has his best interests at heart, but I feel that these guys are greedy bastards.

Thanks for your help brain trust!