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Mutual Funds all No Load

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A

Ares

Member
Mar 11, 2005
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Tired of being trapped by high commissions on mutual funds?? Front-end or Back-end either way you feel like you are being screwed

I offer over 3000 mutual funds all on a no-load, or no commission basis
(minimum account size of course)

Mackenzie, Templeton, CI, AIM, Trimark, Sprott, Mavirx, GGOF, AGF, Fidelity

Check out these funds
Sprott Canadian
GGOF monthly income
AGF Precious Metals

Send me a message with contact info if you would like to find out more

I am located in the GTA

cheers
 
B

baltimoron

' '
May 4, 2005
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Personally, I prefer my SPAM sizzled on the fry pan and then placed on toasted white bread with lettuce, tomato, and mayo.
 
F

Foxbat

Member
Nov 27, 2002
94
0
6
Ares said:
Tired of being trapped by high commissions on mutual funds?? Front-end or Back-end either way you feel like you are being screwed

I offer over 3000 mutual funds all on a no-load, or no commission basis
(minimum account size of course)

Mackenzie, Templeton, CI, AIM, Trimark, Sprott, Mavirx, GGOF, AGF, Fidelity

Check out these funds
Sprott Canadian
GGOF monthly income
AGF Precious Metals

Send me a message with contact info if you would like to find out more

I am located in the GTA

cheers
Click to expand...

Hey Ares - aka financial planner,

Cut out the usual sales jargon used by all financial planners like you saying things like "no load, no commision". All clients are paying a fee, nothing is for free, when they buy a financial product. You think Terbites are dumb or something ?
AND I don't think you're allowed to advertise here
 
A

Ares

Member
Mar 11, 2005
50
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of course there is a trailer

but know the MER's are not higher, nor did i say that there was no fees, just no commissions, i invest in front-end loads and charge zero percent commission so no the MER's are not higher

Nor do i beleive you are stupid, a bit cynical perhaps but not stupid. I only deal with accounts above $100,000 and the average trailer is about a half a percent. If you guys want to buy these exact same funds with a load, feel free
 
F

Foxbat

Member
Nov 27, 2002
94
0
6
Ares said:
but know the MER's are not higher, nor did i say that there was no fees, just no commissions, i invest in front-end loads and charge zero percent commission so no the MER's are not higher

Nor do i beleive you are stupid, a bit cynical perhaps but not stupid. I only deal with accounts above $100,000 and the average trailer is about a half a percent. If you guys want to buy these exact same funds with a load, feel free
Click to expand...

Someone still has to pay or get charged on the front end load funds. Guess who ? The client. Ask any accountant.
It's all in the way a financial planner delivers the sales pitch.
 
A

Ares

Member
Mar 11, 2005
50
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well you are wrong

the front-end load is purely at the descretion of the sales agent. In my case I charge zero percent, hence the no-load. Accountants are great for taxes and tax planning, but don't necessarily no anything about investment vehicles.

I am amazed at the level of cynicism. Any fund you want (except for labour funds) are on a no-load basis and no the MER's aren't boosted.

Buy today and sell it 6 months from now and you would have paid no sales fee on the purchase or on the redemption.

How can I be clearer??
 
M

m91us

Member
Oct 28, 2001
165
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16
Next to the money pit.
suntze said:
what's the "trailer" payout that you get from these mutual fund companies?
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Front-end trailer 0.50%. Back-end trailer 0.25%.

Some financial planners will make adjustments to clients who bought the back-end funds. They take the annual 10% free and move it into the front-end version of the same fund to pick up on the higher trailer fee. Another practice is to call the clients with back-end funds after seven years to re-balance the portfolio. After seven years, the money in the funds matures and no back-end commission is charge. They would recommend another back-end fund and pick up the 5.50% commission from the mutual fund company for the sale.
 
A

Ares

Member
Mar 11, 2005
50
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a lot do

i dont deny the trailers, in fact that is my only source of income, I dont work for free. Yes the trailer on the front-end is .50% compared to the back-end of .25%. Yes i technically do front-end but charge 0% commission, hence the term no-load no commissions. I dont charge commissions, I work off the trailer.

Yes the previous post is quite correct many guys back-end and "re-balance" after 7 years and the client to buy more back-end to make another 5.5%

Why is it so difficult for all of you to believe that I am an ethical planner who does not believe in loads?? I believe in performance and liquidity (loads deter liquidity)

To be blunt NO COMMISSIONS ON ANY MUTUAL FUNDS, and I have access to them all; the templetons, AIC, AGF and the whole gambit.
 
M

m91us

Member
Oct 28, 2001
165
0
16
Next to the money pit.
Ares said:
i dont deny the trailers, in fact that is my only source of income, I dont work for free. Yes the trailer on the front-end is .50% compared to the back-end of .25%. Yes i technically do front-end but charge 0% commission, hence the term no-load no commissions. I dont charge commissions, I work off the trailer.

Yes the previous post is quite correct many guys back-end and "re-balance" after 7 years and the client to buy more back-end to make another 5.5%

Why is it so difficult for all of you to believe that I am an ethical planner who does not believe in loads?? I believe in performance and liquidity (loads deter liquidity)
Click to expand...
Ares,

I like your honesty, but you didn't volunteer that information until my post.

I'll be up-front with you and I certainly don't want get into a flame war with you or any other financial planners lurking on this board. The people you are trying to promote your services to are achievers on this board. By that I mean, they are do-it-yourselfers. You should spend your time prospecting clients that are financial illiterate and who WANTS help. Perhaps you can send an invitation to people in certain neighbourhood for a seminar with a small fee to cover your cost and time.
 
F

Foxbat

Member
Nov 27, 2002
94
0
6
Ares said:
i dont deny the trailers, in fact that is my only source of income, I dont work for free. Yes the trailer on the front-end is .50% compared to the back-end of .25%. Yes i technically do front-end but charge 0% commission, hence the term no-load no commissions. I dont charge commissions, I work off the trailer.

Yes the previous post is quite correct many guys back-end and "re-balance" after 7 years and the client to buy more back-end to make another 5.5%

Why is it so difficult for all of you to believe that I am an ethical planner who does not believe in loads?? I believe in performance and liquidity (loads deter liquidity)
Click to expand...

Disclosure, Disclosure, Disclosure.
 
F

Foxbat

Member
Nov 27, 2002
94
0
6
m91us said:
Ares,

I like your honesty, but you didn't volunteer that information until my post.

I'll be up-front with you and I certainly don't want get into a flame war with you or any other financial planners lurking on this board. The people you are trying to promote your services to are achievers on this board. By that I mean, they are do-it-yourselfers. You should spend your time prospecting clients that are financial illiterate and who WANTS help. Perhaps you can send an invitation to people in certain neighbourhood for a seminar with a small fee to cover your cost and time.
Click to expand...
Yes, he did not disclose the information until you brought it up. Good point.
What else is he not disclosing ? Not cynical, just disclose the facts.

I believe he is prospecting to anyone (with min. $100K set up account) here who does not have the time to do it themselves and no time to increase their investment knowledge.
 
F

fuji

Banned
Jan 31, 2005
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is.gd
It is the job of anybody in the finance industry to slowly transfer the customer's money to the company account.
 
F

fjdude

Member
Oct 2, 2004
349
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Antarctica
Ares said:
Accountants are great for taxes and tax planning, but don't necessarily no anything about investment vehicles.

Accountants are great for tax planning...that's a joke. I know lots of CAs who can't even prepare a return. On the other hand there are plenty who know about investment vehicles and investment strategies. In short depending on the accountant you talk to you will find varying levels of knowledge on any business related topic.
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