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Merrill Can’t Restore The Bad Old Days Of Conflicts
By the author not stating what the fees and commissions are for the respective type of account noted within the article ... How is one to know if one is better than the other? As a reader I'm still left in flux. When I looked into this the accounts with wrap fees also had fees for the fees the mutual funds charged. This put fees on top of fees.
I found none that beat what I had with my traditional retirement account thus I let it become grandfathered rather than rolling it into a fees only based account.
I remain in flux and plan to continue with what I have as Morningstar estimates my annual expense ratio at 0.76 percent. And, that is all I pay. I was unable to find an account with a wrap fee back of one percent.
Comments
I found none that beat what I had with my traditional retirement account thus I let it become grandfathered rather than rolling it into a fees only based account.
I remain in flux and plan to continue with what I have as Morningstar estimates my annual expense ratio at 0.76 percent. And, that is all I pay. I was unable to find an account with a wrap fee back of one percent.
Still in flux ...