Question 1: Transfer Class A shares to F share class?
I have an advisor to help with personal finances and investing. We had recent discussions where they want me to change from class A mutual fund shares to class F. They stated that this will allow them some flexibility in investing. From my understanding, by owning class A shares I've paid the majority of fees up front and with class F shares, my advisor is paid an annual fee of 1%. My class A shares were a one time deposit from a previous job change years ago; other than small deposits in my 529 funds, I do not invest much on a reoccurring basis with them. When approached to change strategies from A to F shares, I feel I want to stick with A shares since I've already paid fees up front. Am I missing anything here?
Question 2: 401k Rollover?
My advisor laid out the options, pros and cons and left it up to me. I started a new job and can rollover my 401k from my previous employer to my new company's account, rollover to my advisor managed account, leave in current account or withdraw with penalties. I'm leaning rollover to my advisor managed account due to having access to more funds. Given the above, they want me in F shares where I have everything else with them in A share classification. I could leave current A shares alone and rollover the new monies into F shares? or All to A shares etc...
Am I missing anything regarding the difference between F v A share class?
I have an advisor to help with personal finances and investing. We had recent discussions where they want me to change from class A mutual fund shares to class F. They stated that this will allow them some flexibility in investing. From my understanding, by owning class A shares I've paid the majority of fees up front and with class F shares, my advisor is paid an annual fee of 1%. My class A shares were a one time deposit from a previous job change years ago; other than small deposits in my 529 funds, I do not invest much on a reoccurring basis with them. When approached to change strategies from A to F shares, I feel I want to stick with A shares since I've already paid fees up front. Am I missing anything here?
Question 2: 401k Rollover?
My advisor laid out the options, pros and cons and left it up to me. I started a new job and can rollover my 401k from my previous employer to my new company's account, rollover to my advisor managed account, leave in current account or withdraw with penalties. I'm leaning rollover to my advisor managed account due to having access to more funds. Given the above, they want me in F shares where I have everything else with them in A share classification. I could leave current A shares alone and rollover the new monies into F shares? or All to A shares etc...
Am I missing anything regarding the difference between F v A share class?