If you want to travel to beautiful resorts for free, become a financial adviser. At such “due-diligence conferences,” advisers meet with fund companies and other businesses. The events, say sponsors and financial advisers, are an efficient way for advisers to glean valuable insights from dozens of experts under one roof. Financial advisers generally aren’t invited to participate unless they control at least $50 million in clients’ assets, often much more. In addition, many fund managers directly host advisers, all expenses paid, at their headquarters or at tourist destinations.

Source: Wall Street Journal May 04, 2018 15:34 UTC