Talk of The Villages Florida - View Single Post - Question(s) About Mutual Funds Bought Through Advisors
View Single Post
 
Old 03-10-2024, 09:45 AM
retiredguy123 retiredguy123 is offline
Sage
Join Date: Feb 2016
Posts: 17,436
Thanks: 3,047
Thanked 16,613 Times in 6,564 Posts
Default

Quote:
Originally Posted by MikePgh View Post
There is no clear answer. Most fee only (charging a % on AUM) will buy no load funds for your portfolio. But just because it is a no load fund that does not mean they are not getting paid. There is what is known as a 12b-1 fee that the fund company can share with the advisor.
Dual registered advisors (registered as an advisor and a broker) will usually charge a lower AUM fee but also churn your portfolio to collect more load fees.

Hope that helped.
I don't pay any AUM, load, or 12b-1 fees. I only buy indexed mutual funds with no loads or 12b-1 fees. Investing is too important to trust a financial advisor or a mutual fund manager.