Because investing directly in a mutual fund is unique, it might be nice to know a little more about what you should and shouldn’t expect.
Quarterly statement focused on your success, our performance and the companies we all own.
Annual teleconference where the investment team discusses fund decisions with shareholders.
Someone you can call if you have questions or concerns about your account.
Clear delineation of the fees you are paying ( .78% per year—that was easy).
Pages full of pie-charts.
A face-to-face meeting to build a financial “plan”.
An annual call to ask you if your risk tolerance has changed.
A long, difficult and confusing conversation.
There are essentially three ways you can fund your account.
Lump Sum ($10,000 minimum) Transfer/Rollover ($10,000 minimum) Savings Plan (automatic monthly deposit of $100 or greater)
*$100-per-month if automatic investment is established. Fees, strategy, and objective are the same of all investors in the Fund regardless of amount invested in the Fund or overall wealth.
Choosing the right type of account will be based mostly on tax considerations. And as we all know, the tax code is complicated and confusing. The following is a simplification meant to help you consider the options. Before deciding, you might want to consult a tax specialist to better understand all of the variables and implications.
All tax information and rates are based on 2017 IRS tax code for federal taxes. The specific deductions or rates may be different based on your tax situation.
Evan Almeroth is a registered representative of ALPS Distributors, Inc.