1.4% annually seems pretty high to me. Keep in mind that in addition
to that 1.4%, you are also paying mutual fund expenses which can be as
high as 1.5%! If that is true, then you are easily paying close to 3%
per year! Does he have a tiered plan?

JLP

http://AllThingsFinancial.blogspot.com

Bucky wrote:

- quote -


--
To email, erase "forgetit"

BreadWithSpam[at]fractious.net wrote:
- quote -

The way I read it was that it was 0.35% per quarter?

Flycaster <adam999forgetit[at]adelphia.net> writes:

- quote -

Real no-load funds? Or "no-load" where they mean no *up-front*
loads (ie. using class B shares instead of class A shares).

If he's really using honest no-load funds, 0.35% seems pretty
inexpensive based on rates that other folks have posted.

- quote -

Only you can know that. He should be able to estimate the
amount of time he spends on you. Ask him. Figure out if
that's more or less than he's costing you at 0.35%.

- quote -

If he's good, as you said, he should be happy to discuss
this with you, too. But you really need to make sure of
my point above about those no-loads. I've heard funds
which are *not* no-load funds referred to as "no-load"
funds way too often to not be a little skeptical, especially
when the guy is charging below-market-rate on the rest of
his services.

He may well be as honest and good as you say - please don't
take my questioning above to be any kind of an accusation
or confrontation. But it's worth making sure.



--
Plain Bread alone for e-mail, thanks. The rest gets trashed.
No HTML in E-Mail! -- http://www.expita.com/nomime.html
Are you posting responses that are easy for others to follow?
http://www.greenend.org.uk/rjk/2000/06/14/quoting

First off, I'm the "kiss of death" when it comes to investing. Sell
short anything I like and you are an automatic winner. Furthermore, as
a retiree for the last 6 years, my risk level is pretty low to medium.
The CFP I've been using is very good (IMHO) and charges a very
reasonable fee (0.35% based on a quarter's average of the monies
handled). No trading-just tweaking, no-load mutual funds and bonds and
CDs (laddered), very comprehensive quarterly reports (computer generated
of course) with tweaking recommendations. He is always there to answer
questions and to hold my hand when the market goes south. So, I'm a
happy camper, but as the portfolio appears to be running on automatic,
with occasional tweaks, I was wondering if maybe an hourly fee for
services would be more cost effective for me. I believe he charges
about $150/hour.

The comprehensive quarterly reports are nice, but I probably don't need
such full-blown reports. A simple report outlining the portfolio's
performance-holding by holding (you were there and now you are here with
reference to a benchmark), and tweaking recommendations on a semi-annual
basis may be all that I need.

So, here's my problem. I'd like to discuss with my CF changing our fee
set up to an hourly fee for service schedule, but I really don't know
what criteria I should consider that will aid me in the decision making
process. I certainly would appreciate your comments on some of the
issues I should be considering with respect to this kind of change.
Thanks for your help,

Adam

--
To email, erase "forgetit"