Dear Mr. Berko: In the past year, I've talked to a number of friends who opened accounts with Edward Jones and put their money in the company's no-commission, low-cost and low-fee group of Bridge Builder mutual ... and are heavy-load funds with high.
No, the bank trust officer would put you ... or liquidity requirements. Yet, Edward Jones is saying that they might turn around and invest the money into mutual funds. Mutual funds are pooled investment vehicles through which investors use their combined.
Broker Edward Jones made headlines last year with ... Will they try to steer clients into fee-based accounts with low or no-load funds and make their money on the asset-based fees they charge their clients? Mutual fund firms like the American Funds.
Sales of load shares slipped, replaced by no loads or funds that waived loads ... Some advisors continue to rely on load sales. At Edward Jones, load shares account for a bit more than half of all fund sales, says Greg Dosmann, a principal with the.
For example, an Edward Jones financial advisor will never recommend a no-load mutual fund (even when that’s the best option for the client) because he/she won’t receive a commission if you purchase such a fund. An additional conflict of interest is.
But to do so, the financial adviser eventually found, he would have to leave his job at Edward ... s no difference in the services offered.” An A-share mutual fund, for example, charges an upfront fee that the adviser and firm split. Those sold by Jones.
For example Edward Jones is a big user of American Funds, which has a large selection of mostly high-quality mutual funds with various pay structures through different mutual fund share classes. These can be front-loaded funds, back-loaded funds, or load.
Indeed, a single fund can have a share class that builds in absolutely no compensation for sellers and another share class with an 8.5% upfront commission or "load." It seems Edward Jones is concerned that the rule requires it to offer the cheapest mutual.
Dear Mr. Berko: In the past year, I’ve talked to a number of friends who opened accounts with Edward Jones and put their money in the company’s no-commission, low-cost and low-fee group of Bridge Builder mutual ... and are heavy-load funds with high.