| Fidelity, Schwab and other brokers will also buy and sell no-load funds
for investors. The funds pay the fees associated with the
transactions. The number of funds available is fairly large, depending
on your needs. The thought is that is simplifies life to deal with one
set of processes rather than the independent record keeping, phone
capabilities, etc. of several different companies.
Jeff
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| Jack White Brokerage was selected as the choice of the litter in the
July issue of "Smart Money." They were compared with several other
brokerage firms including Fidelity and Charles Schwab. At the time
they offered a larger selection of mutual fund companies than any
other. They also offer a way of trading load funds without the load.
They match up buyers and sellers. There is some small cost associated
with the load fund trades, but it is much less than the load. I
vaguely remember something about the seller paying the fee or the bulk
of it.
The only personal dealing that I had with Jack White Brokerage was to
call and request information about opening an account. They sent it
promptly. I was looking for a deep discount brokerage firm. They
were less expensive than Fidelity and Schwab, but higher than others I
was considering.
If you can find a July issue of "Smart Money", it is worth reading.
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