Investment Help

If you are seeking investment help, look at the video here on my services. If you are seeking a different approach to managing your assets, you have landed at the right spot. I am a fee-only advisor registered in the State of Maryland, charge less than half the going rate for investment management, and seek to teach individuals how to manage their own assets using low-cost indexed exchange traded funds. Please call or email me if interested in further details. My website is at If you are new to investing, take a look at the "DIY Investor Newbie" posts here by typing "newbie" in the search box above to the left. These take you through the basics of what you need to know in getting started on doing your own investing.

Tuesday, February 24, 2015

FeeX - Understand Account Fees and How to Lower Them

I've hammered home again and again the importance of investment fees and how to lower them.  Now there is a free service, FeeX, that will analyze your accounts, identify the fees, and advise on how to lower them.

An overview of the service is provided by investorjunkie:  FeeX Review - An Investment Fee Reducer.

As explained in the overview, the service is still free, requires you linking them with your accounts, and examines the following fees:
  • Mutual fund expense ratios, which are present even on no-load funds
  • Exchange traded funds (ETF’s) expense ratios (even though they’re typically lower than what mutual funds charge)
  • Advisory fees (can be between 1.0% to 1.5% of an entire account balance)
  • Wrap fees
  • Sales loads
  • Redemption fees
  • Transaction fees
  • Account maintenance fees 
It also grades your fee structure versus similar investors.  The final step is to suggest ways to lower your fees.

A lot of this, of course, can be done yourself.  You can research the all-important yearly expense ratios, sales loads, and advisory fees.  As the article points out, paying 2% of assets per year reduces a retirement nest egg significantly.

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