2007-01-30 18:35:17 · 3 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Ask yourself why. The fees at S/B are going to be higher, the funds they put you into will have load fees and 12(b)1 fees and when the broker needs more income they will suggest that you switch to another fund family so that the fees start over again.
I would suggest that you either talk with an adviser at Vanguard or such, or spend an hour or two with a fee based financial planner or CPA who doesn't sell any products. This should give you an unbiased opinion about where and how to invest.
2007-01-30 22:51:50 · answer #1 · answered by waggy_33 6 · 0⤊ 0⤋
give waggy mutiple stars and points. And then do what he says. He's absolutely right. Though I'd talk to the CPA first...only because even Vanguard is biased. Don't ask the CPA where to invest...just ask him how the expense ratios/12b1's/loads work.
Certainly you can go to SB but make sure they put you in No load funds such as Vanguard or stocks that they intend to hold for the long term with little annual trading. Do not let them place you in any funds that have 12b1 or sub-ta payments.
2007-01-31 16:52:28 · answer #2 · answered by digdowndeepnseattle 6 · 0⤊ 0⤋
depends on what you want. If you want more control to go to the investment house. But for retirement I would agree that SB is better than TD.
2007-01-31 02:55:58 · answer #3 · answered by Jon H 5 · 0⤊ 0⤋