EXCERPT FROM THE BOOK:
I have been an advisor for over 20 years so I recognize that
everyone must get paid. If they are in fact assisting you to place this within
a coordinated plan and meeting regularly to assist you in growing your wealth,
even more deserving. The problematic part of commissions is simply that most
advisors’ businesses aren’t structured properly which shouldn’t become your
problem. Commissions are generally levied up front at the time of purchase,
gathered over time or both. If taken up front at the time of purchase they will
generally run from 2% to 5.5% of the amount invested. For this up front
commission structure you will enjoy J
a lower on-going internal management fee. This typically costs approximately
.70% to 1.5%. If you were to avoid the upfront commission; the investment
company will simply raise the ongoing internal management fee thus making it
often times a more costly investment. This arrangement is often times
“marketed” as a “No-Load Investment” which is technically accurate but in my
personal opinion is misleading to the common investor. This wording invites the
thought of getting a deal.
I invite you to ask about our products that avoid these “gotcha’s”
such as this. For example, our REAL program offers you a 10% ROR every 90 days
which, when you let it rollover each quarter, is 46% yearly.
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