What are the differences between Nicollets service and a mutual fund?
Mutual funds are vehicles for pooling the assets of a large number of clients into a common investment portfolio. In exchange for investing client assets, mutual funds charge a fee based on the total amount invested in the fund. Nicollet Investment Management charges for its services in a similar manner. In a mutual fund, this is known as the “expense ratio.” Many mutual funds assess other charges to their investors. These charges may include 12b-1 fees for marketing expenses, initial up-front charges (know as “front-end loads”), and may assess charges for withdrawing your money (known as “back-end loads”). Nicollet Investment Management does not charge any of these fees. Mutual funds also incur commission charges for purchasing and selling securities in the fund. Nicollet Investment Management’s clients also incur commission charges on some purchases and sales of securities in their accounts, which are paid to their custody agent. In total, the fees paid by Nicollet Investment Managem
