All that matters is that the specific fund they recommended, a balanced mutual fund for example, is an appropriate investment for that particular client.

FORBES: Little Guy Still Ripe For Broker Abuse

All four of the major proxy voting services have recommended the ousting of various directors at Washington Mutual (nyse: WM - news - people ), a Seattle thrift that earlier this week announced a bigger-than-expected first-quarter loss and an infusion of capital from Texas Pacific Group as it tries to repair its battered mortgage-laden balance sheet.

FORBES: Off With Their Heads!

Then in 1993 it dipped its toe in the water with a "Mutual Fund Select List, " a compilation of 75 funds Schwab recommended based on their risk, expenses and sector strategy.

FORBES: Charles Schwab, Version 4.0