Two years after taking blame for Wall Street's crisis, structured products are finding a place in RIA portfolios

My experience as an advsior and as a business manager with structured products has not been a good one. The problems I’ve experienced are, large phantom income, illiquidity and very high imbedded structuring costs.
The derivatives/structured products groups at all firms remains the focal point because of their outsized profitability. Unfortunately it is a zero sum game.
Firms like Joe’s can be very helpful to protect you and your clients from the derivatives desks at large firms.