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re: How much should I pay a fund manager?

Posted on 1/25/13 at 1:58 pm to
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 1/25/13 at 1:58 pm to
quote:

There will be no commission charges


Explain

quote:

And he says he works with Franklin Templeton


Explain

Did he tell you specifically which funds he would use? What firm is he with?
Posted by LSUTigers00884
Lafayette
Member since Oct 2011
1160 posts
Posted on 1/25/13 at 2:33 pm to
He works for Iberia bank. But deals a lot with franklin so he is familiar with it. He sat down with me to gage how aggressive/conservative i wanted to be. Showed me several mutual funds and which ones he really doesnt advise and which ones he likes.
There is a yearly 1.3% (2 others with similar percent) yearly service charge fees. And that's it. No commission. No back end. Etc.

Anything else to watch out for?
Thanks again.
This post was edited on 1/25/13 at 2:35 pm
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