While these fees are higher than what I'm paying to manage my own portfolios, they are still much cheaper than owning mutual funds that charge 2 — 4 % of assets plus other annoying charges
like deferred sales charges.
I don't
like deferred sales charges either — included in that mix is fixed annuities.
Not exact matches
A financial planner may be able to catch this and other common pitfalls,
like incurring
deferred sales charge (DSC) penalties when selling mutual funds before they've matured.
Like almost all his contemporaries, De Goey started out selling mutual funds with
deferred sales charges, but later become one of the early adopters of the fee - based, no - commission business model.
If the latter sounds
like you, I have outlined a number of steps that will assist you in reducing the impact of, or completely avoiding these
deferred sales charges.