Originally Posted by Texas Proud
Can't happen on 1... there are some directors on many more than 20 MF... what do you do then
(yes, I know... get other directors.... but really...)
Don't know what you mean by two... explain better..
Irrelevent... since we got the total cost... what we need to find out is how much kickback the firm gets... or soft money...
Number two: Let's say someone has MFs with Morgan Stanley, and wants to go to Vanguard. Neither Morgan Stanley, nor the fund company, is obligated to transfer cost basis. I understand the hassle before the Internet, but technology should make it a lot easier.
There are MANY TIMES in-kind transfers are done, and it would save time and hassle for clients. Say you own an American Fund for 10 years, why can't American Funds electronically transfer the cost basis history to the new brokerage firm, when they have to keep the records anyways..........
Total ER of a fund DOES NOT include things like bid-ask spreads or transaction costs........and the industry has resisted efforts to make them transparent.........