What is the difference in fees Ill pay with Fundsifter vs. a full service portfolio manager?
With Fundsifter, you pay $49/yr for our semi-annual newsletter and the yearly fund management fee (approximately 0.4% for Fundsifter recommended funds) charged by your mutual fund(s). Conversely, using a full service investment advisor, you’ll pay a large commission to a broker at the time of the fund purchase and each time you purchase or sell additional fund shares (approximately $100-200 depending on how many shares you buy), an annual management fee to the advisor (usually 1-3% of your total assets), as well as the yearly fund management fee mentioned above (likely 1.5% or more as advisor brokerages often push expensive mutual funds to their clients). Total=2-6% annually. The bottom line is that portfolio managers consider these fees the core of their business model.
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