Joe Eqcome is a retired managing director of a financial services firm where he served as director of equity research. Joe has received national awards and recognitions for his research contributions.

Joe's simple mission is to provide independent, unbiased research for the independent CEF retail investor. Joe believes retail CEF investors do not have an independent advocate.

Broker/dealers are bias towards the fund sponsors who provide significant underwriting fees for the distribution of their products. The fund sponsors are in the business of maximizing fees by growing their asset base materially through multiple fund offerings. This is an unhealthy symbiotic relationship for the retail investors.

With few CEF follow-on offerings, little institutional interest and insufficient trading in CEF shares, there are few reasons for broker/dealers to provide quality CEF investment research. (If you aggravate the fund sponsor with critical research it will take its underwriting business elsewhere.)

Consequently, independent, hard hitting, valued-added independent CEF research may increase the likelihood of retail investors generating excess returns with less than market risk.

Joe has significant holdings in CEFs and will disclose his holdings on any stock on which he renders an opinion.