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.