One of the fundamental truths about investing is that there is no such thing as a free lunch. An investment that promises higher returns is going to come with higher risks of losing money. And often, ...

Traditional structured products involve multiple intermediaries such as brokers, custodians, and clearinghouses, leading to operational costs ranging from 1% to 5% of the investment value annually.

Structured products, also called structured notes, are customized versions of existing investments. A recent example is this offering from Morgan Stanley MS. Sold in June 2022, the company’s ...