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Groundswell

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  1. Hi Dan, I was surprised to find that the fees associated with the different investments are not clearly listed on the portal. As I clicked on the different vendors offered. The first thing listed was a link to an enrollment application with no discussion or disclosure of the fees. The one place I was able to find the fees listed was with Henders###### Financial/Lincoln Investments. On page five of their investor handbook they state "Commission received by Lincoln on transactions vary, generally ranging from 1.0% to 6.0% of the amount invested, and advisory fees generally range from .60% -2.00% of the assets under management." But all the other choices had no mention of fees. So, if an employee decides they want to invest with Smith Barney and click on the link there is very little information. Nothing on fees, just a link to their website and a link to an application. Why?
  2. I'm not sure I understand. What is the advisor signing off on? That you did the math correctly on the SRA? This doesn't seem right. You could have found someone to sign that form. The advanced markets dept. of the fund family you are contributing to would have possibly signed it. Or you could have found an advisor in your area that would sign off on it. This makes no sense. There's a directory of advisors on this site that would have signed the form. Was it just a matter of principal that you would sacrafice three years of catch-up before having an advisor sign something for you?
  3. No it doesn't. Having your "cash savings safety cushion" in a 403b plan makes no sense.
  4. Groundswell, "These basis points are above what the underlying fund charges correct? If so than it sounds like a good deal" Yes, the 30bps is in addtion to what the fund family charges. For example, if Vanguard charges 20bps and FTJ charges 30bps. You would be at 50bps. BUT...(there's always a but) there is also the fee the advisor charges. "Thanks for the information about the fees, Groundswell, where did you get that information? I contacted FTP about their fees but they were coy about what they skim off the top. Funny how that works out" I am an advisor who offers the FTJ Program in school districts where it's available.
  5. FTJ charges .30bps - but their fees are going up in June to .45bps for low balances. (the fee is dropping for higher balances which is great) I cannot be sure because I use Vanguard Funds via the FTJ Platform but I would I would guess that you would be purchasing American Funds on a load waived bases. With all the other choices like Vanguard, Fidelity and the recently added DFA funds, you may be able to build a better portfolio than what is available with American Funds. It's widely known that the American Funds are Highly Correlated. For what it's worth. I am unimpressed with the Socially Responsible program. It uses higher fee funds, adds an additional fee and their performance is lacking.
  6. Schullo, That's exactly what I am finding. I agree 100% You're a big part of the success of this site because of the information you share.
  7. I come to this site to educate myself about what school employees want. It can be frustrating to filter through the different comments to see how I may change my business to benefit the marketplace (besides jumping off a cliff, which I am sure many of you would suggest) I like to stay updated on changes at LAUSD. Will they ever accept a fee-based platform like FTJ Fundchoice someday? I currently use an allocation of Vanguard Index Funds through FTJ for many school districts but do not have that option at LAUSD. Overall, I think this site is fantastic and has done a wonderful job.
  8. I think that Cindy was trying to state that, over time, buying A shares and paying a load up front is less expensive than buying C shares and paying higher annual expenses - year after year. If I recall correctly, the crossover point is about 6-7 years. What Cindy is not considering is that Educators have the option of investing in no-load, low fee funds and, therefore, skipping the front-end load of A shares as well as the higher annual expenses associated with C shares. In my humble opinion this whole thing gets set up by the average school employee's desire for a risk free investment. They want something that will always go up and never go down. This leads them right into the hands of the fixed annuity salesman. The few that come to this site and are told they should be investing in passive index funds might get intimidated by the process and that too can lead them right back to the FIA salesman who says "I know, the stock market is a scary place...how 'bout stock market returns without the risk" and the employee feels like they found a solution. So, "if" my hypothesis is correct. Let's help these school employees out right here right now. Let's tell these school employees that are looking for a risk free investment, something that will never go down and always go up what they should consider instead of a fixed annuity or fixed index annuity.
  9. I've seen another version of this portfolio thru FOLIOfn that was interesting. It was available for IRA's only and not 403b. I liked the use of ETFs but...they have a fixed fee structure that was expensive. 50bps for the admin 1.00% to the reps and then the cost of the ETFs. They told me that I could not discount the 1.00% fee paid to the rep so I decided not to offer it.
  10. Is there not a provider on the district's approved list that you can move the assets to that you feel comfortable with? I'm curious about your current company and why you want to move away from them. Did they make some changes that you don't agree with? did they drop their rates? raise their fee? Please let us know so that we can hopefully avoid the same circumstance.
  11. I sometimes offer annuities to my clients. But I have been offering them for over 10 years so I am now a tenured rep. Meaning I can keep selling annuities without the threat of losing my job. It's a great system!
  12. "Very nice setting paid for by our educator colleagues and school districts. $225 per night." I think that the La Quinta Resort and Spa, where the UTLA holds their annual conference, is a much nicer place to stay. I would have considered going if I knew that educator colleagues and school districts were paying. I thought I had to pay the room rate.
  13. Unacceptable response given the content of my post.
  14. Hi MMitchell, Before a suitable suggestion can be made about what company you should invest in from the above list you'll need to tell us a little bit about your situation. What is your time horizon? When do you plan on needing these assets? What has been your investment experience thus far? Are there any investments that you want to stay away from? (certian industries, country's etc...) What are your feelings toward risk(volatility) vs return? What's your tax situation? (finding a company on the list that offers a ROTH403b may be a consideration) Do you have any debt? Have you built an emergency fund? Are you planning on buying a home in the future? There's just too many un-answered questions to simply say Vanguard funds is automatically the right choice for you. They may be the only choice...given the choices on this list. But we don't know you well enough.
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