Still_Small_Voice Posted February 27, 2015 Report Share Posted February 27, 2015 I am looking for an inexpensive honest broker in Utah around Centerville, Layton or Ogden area. I have a 401K I want to rollover from an old employer to another mutual fund. They are charging me $60 in fees a year to stay with this employer's fund. Is there any advice on whom to contact? I would prefer that one has experience or knows this financial advisor. Send me a personal message if you do not feel comfortable posting their contact information. Thanks. Quote Link to comment Share on other sites More sharing options...
askandanswer Posted February 27, 2015 Report Share Posted February 27, 2015 perhaps try listening to the still small voice, its the best advisor you'll every hear from (sorry, couldn't resist) :) Quote Link to comment Share on other sites More sharing options...
Guest MormonGator Posted February 28, 2015 Report Share Posted February 28, 2015 Find someone boring. The best choices I ever made with my own personal investing are not flashy, but low risk investments for the long haul. Quote Link to comment Share on other sites More sharing options...
bytor2112 Posted February 28, 2015 Report Share Posted February 28, 2015 (edited) When u roll to an IRA with whichever firm, most all charge a "custodial fee". $60.00 isn't unusual and some are more. You could do a fund direct account with American Funds or Fidelity, etc and I think the custodial fee is about $10.00 annually. Edited February 28, 2015 by bytor2112 Quote Link to comment Share on other sites More sharing options...
Still_Small_Voice Posted February 28, 2015 Author Report Share Posted February 28, 2015 (edited) I was wanting to roll the 401K into the "American Balanced Fund Class C shares" mutual fund. Their fees are $14.10 per year presently. I did have a broker out in New York, but I would prefer to work with someone locally. The only broker I can find with the company I was with is down in Salt Lake City. I guess I will call them unless someone else has suggestions for me. Edit: The symbol of the mutual fund is "BALCX" and information on it can be found here: http://quotes.morningstar.com/fund/BALCX/f?t=BALCX Edited February 28, 2015 by Still_Small_Voice Quote Link to comment Share on other sites More sharing options...
bytor2112 Posted February 28, 2015 Report Share Posted February 28, 2015 (edited) If you are already decided on what fund you wish to purchase...you don't really need a broker to do it for you. American Funds has a pretty decent web sight That said they are advisory funds, meaning they have loads. ( I have been in the investment business 25 years) whereas, Fidelity or Vanguard, Janus and multiple others are no loads and all have balanced funds. C shares have fairly high internal fees, 12B1 etc. Vanguard and other no loads do not....maybe .25bps.... Edited February 28, 2015 by bytor2112 Quote Link to comment Share on other sites More sharing options...
Still_Small_Voice Posted March 2, 2015 Author Report Share Posted March 2, 2015 Bytor are there any mutual funds you would recommend I look at? I want to go somewhat aggressive investing for the next 14 years. Reitrement age is still at least 25 years away for me. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.