Fees vs commission transparently outlined
Fee focused and Commission free investing
4 key points that everyone should know about commission:
1. Commission is clawed back through higher charges for many years (Some apply for lifetime).
2. You have an access surrender charge on your fund(s) of up to 10%.
3. The additional higher charges linked to funds reduce your net returns. Often severely.
4. You may have been placed in higher risk investments in an attempt to compensate for charges.
In addition to all these higher charges, we find that in many cases, you will also be put into other commission generating products.
Here are 2 examples illustrating the charges you can expect in the first year of a COMMISSION based product versus FEE based advice. You can see that when you are told you are receiving FREE advice that it is anything but free