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Be Cautious With New Mutual Fund Share Class For Retirement Accounts
First employed with 401(k) plans, the retirement share class is being offered for mutual funds to be held in individual retirement accounts.
The concern is that, although the fee structure of this share class is attractive initially, the asset based fees range from .35% to .75% annually ad infinitum. That compares with a typical .25% annual fee for Class A (upfront commission) fund share class.
Source: www.financial-planning.com alert, January 7, 2002
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Sponsored by James J. Eccleston, an attorney representing stockbrokers, financial planners and
investors nationwide in arbitration, litigation and regulatory matters, and a shareholder with the law firm
Shaheen, Novoselsky, Staat, Filipowski & Eccleston
P.C.(www.snsfe-law.com). This Web site contains material
of general interest. It is neither intended to, nor constitutes, either legal advice or investment advice.
Always consult an attorney and/or investment advisor when building and protecting your wealth.
All content Copyright © 2008 Advocate Capital Management, Inc. except where noted. All rights reserved.
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