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re: How much should I pay a fund manager?

Posted on 1/23/13 at 10:06 am to
Posted by Broke
AKA Buttercup
Member since Sep 2006
65049 posts
Posted on 1/23/13 at 10:06 am to
quote:

Talking to a fund manager at my bank


You aren't talking to a fund manager. You are talking to a financial consultant, investment rep, etc. I don't find bank FA's to be very good at what they do.

You will pay a yearly IRA fee of around $75. You will pay a commission on the bonds and probably a front end load on the mutual funds.
Posted by LSUTigers00884
Lafayette
Member since Oct 2011
1160 posts
Posted on 1/23/13 at 12:27 pm to
Thanks guys. Any other thoughts?
Posted by bbuisson
Memphis
Member since Jul 2010
43 posts
Posted on 1/23/13 at 1:02 pm to
Oh yeah, independent(s) are the most astute advisors out there.
Once again, depends on the advisor and the firm. They have good and bad everywhere. Definitely go with someone or institution that is reputable.

Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72909 posts
Posted on 1/24/13 at 11:18 am to
quote:

You will pay a yearly IRA fee of around $75.


which is ridiculous and why he needs to open a ROTH IRA with vanguard.

quote:

You will pay a commission on the bonds and probably a front end load on the mutual funds.



yep, yet another reason why not do to this.
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