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Reply to "Am I overpaying my financial advisor?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Look up the exact title of the funds he has invested in and see what their load fees and expenses are.[/quote] Here is an example of the basic Vanguard federal money market fund: https://investor.vanguard.com/investment-products/mutual-funds/profile/vmfxx#performance-fees Scroll down to where it says "Expense Ratio" and "Fund-Specific Fees" The Vanguard money market fund: "VMFXX 0.11% Average expense ratio of similar funds — (nothing listed as comparable) Fund-specific fees Purchase fee None Fund family redemption fee None 12b-1 fee None" For your first fund listed earlier (CMNIX)- Class A shares: "Gross expense ratio: 1.22% Maximum Sales Charge: 2.75%"[/quote] Thank you and PP for explaining! I’ll check tomorrow.[/quote]
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