There have never been more choices in the financial services arena. With literally thousands of mutual fund providers, it sometimes seems that there are just as many different ways to pay for services. If you are tired of trying to understand fees, individual stocks and bonds, commission structures, contingent deferred sales charges, rights of accumulation, and the ever-increasing multitude of share classes, perhaps you should consider a managed account. For an overview of the process, please visit Investor Education and read "Defining the Managed Account Process."
When you utilize a managed account, you pay your financial advisor a management fee only, based on a percentage of the assets you invest.* From a cost standpoint, the greatest advantage to this strategy is simplicity: you pay as you go. But there are many other advantages to managed accounts, including:
♦ You sit on the same side of the investment table as your advisor; "I prosper as you prosper, I suffer when you suffer"
♦ You do not need to make an upfront load commitment in order to do business with an advisor; some investors prefer the pay-as-you-go approach
♦ You can terminate your relationship at any time without paying closeout fee-based surrender charges
♦ You can purchase stocks, bonds, and other securities with discount pricing and no-load, load-waived A share, and NAV funds
♦ You have virtually unlimited product options, including over 16,500 mutual funds, and thousands of stocks, bonds, and CDs
♦ You have the ability to rebalance your portfolio across different fund families
♦ You can give a separate account manager discretion without any concern for churning or exposure to continuous commissions
♦ You can transfer existing positions into a fee only account
♦ Through the proper management of your account, you may have the ability to minimize tax consequences
♦ You will receive enhanced quarterly investment progress reports and can potentially meet more frequently with your advisor to review your portfolio and your financial needs and goals
*It may cost more or less than if you purchased accounts separately
Reed & Associates, Inc. 16935 W Bernardo Dr Ste 112 San Diego, CA 92127-1634 Phone: 858-673-0878 | Fax: 858-430-3883 | Email: info@reedwealth.com CA Insurance License #0534132
Advisory services offered through Reed & Associates, Inc., a
registered investment advisor. Pension plan record keeping offered
through other fine companies.
