Direct brokerage vs employer's program
11-08-2016, 07:02 PM
#1
Banned
Thread Starter
Direct brokerage vs employer's program
Let's say that I am interested in mutual fund "X" available through an one-time fee $10 from my direct brokerage and also from my employer's supported retirement program.
When I asked to their rep the advantage, she said; "they aren't the same and your employer pays admin fees,"
But the performance data is no different and MER is similar.
So is she BSing me? What is the bottom line?
When I asked to their rep the advantage, she said; "they aren't the same and your employer pays admin fees,"
But the performance data is no different and MER is similar.
So is she BSing me? What is the bottom line?
11-10-2016, 04:24 PM
#2
Do they have the same ticker symbol? My experience has been that my employer's funds are wrapped in a fund of their own. That means they can control the price. That usually means a wrapped fund won't have a searchable ticker symbol because it's only relevant in their world.
11-10-2016, 05:43 PM
#3
Team Owner
Would you be putting it in an IRA or a taxable account? By not using employer plan are you giving up employer match?
Oh, you are Canada. I have no advice
Oh, you are Canada. I have no advice
11-18-2016, 01:58 PM
#7
Trending Topics
05-26-2017, 04:48 PM
#9
Banned
Thread Starter
Do they have the same ticker symbol? My experience has been that my employer's funds are wrapped in a fund of their own. That means they can control the price. That usually means a wrapped fund won't have a searchable ticker symbol because it's only relevant in their world.
I have a fund Mawer International Equity Fund MAW295.
The only equivalent fund on public site is Mawer International Equity Fund Class A MAW102.
Reconciliation is next to impossible. I get that "Class A" can make all the difference.