Advisory Accounts |Mutual
Funds | Annuities
Will I be charged a
commission or load when purchasing investments in an Advisory
No commissions or loads are charged, but there is an annual
asset-based fee calculated as a percent of the value of assets in
the account. Fees will affect your return of the account, so it is
important to understand the fees.
Will I fully own, or do I
have a proportionate share of the assets in the
The investments in an Advisory Account are entirely owned by you,
the individual investor, and are not commingled with those of other
investors, like they are in mutual funds.
Do all mutual funds
All mutual funds have fees and expenses associated with buying,
selling and managing the investments in the fund. These costs, like
all investing costs, are important because they will affect the
return on your investment.
What are the fees
Fees charged by a mutual fund help cover the costs of managing the
fund's portfolio of securities. They also are used to pay for
administrative services, such as producing and distributing account
statements, and accounting and legal services. Some fees also
compensate an investment professional for his or her expertise and
advice in helping you select a fund to meet your investment
How do fees affect my
mutual fund returns?
Fees will affect your return from the fund over time, so it is
important to understand the fees, and decide if these costs are
acceptable to you before investing in a fund. Reviewing your fund's
fees when you evaluate an investment is always recommended. Keep in
mind that a fund's returns are always stated after expenses.
Are the fees a fund
charges overseen by anyone?
Fund fees are subject to ongoing oversight and review by the
fund's board of directors, including its independent directors, who
have a responsibility under the law to protect your interest as a
fund shareholder. A mutual fund's directors review the fees paid to
manage the fund on an annual basis. All changes in these fees must
be approved by a majority of the fund's directors.
You should consider a mutual fund's investment objectives,
risks, and charges and expenses carefully before investing. Contact
your Financial Advisor to request a prospectus, which contains this
and other information about a specific mutual fund. Read it
carefully before you invest. Past performance is no guarantee of
future results. Investment return and principal value of a mutual
fund will fluctuate, causing shares, when redeemed, to be worth
more or less than their original cost.
What type of
annuity should I consider if it's important for me to know what the
return will be on my investment?
A fixed annuity-the amount of return is pre-determined when you
purchase the annuity.
How will I
know what the return is with a variable annuity?
Your returns will be based on the returns of the
investments you have chosen. With a variable annuity you're
invested in a mix of investment vehicles depending on your risk
tolerance. Past performance is no guarantee of future results.
Is an annuity
an option for retirement planning?
A deferred annuity is best suited for long-term retirement
investing because of the tax advantages, but you will not be able
to withdraw the money until you reach retirement age.
» Learn more about Retirement
What is the
difference between a deferred and an immediate
A deferred annuity is a long-term vehicle, designed to accumulate
assets over time. At retirement you can convert your savings in an
annuity to a steady stream of income that meets your needs.
Immediate annuities are designed to begin making annuity payments
right away. Also, deferred annuities can be purchased with a lump
sum or multiple contributions. An immediate annuity is usually
purchased with a single lump sum contribution.
You should consider a variable annuity's risks, charges and
expenses carefully before investing. Contact your Financial Advisor
to request a prospectus, which contains this and other information
about a specific variable annuity. Read it carefully before you
invest. Past performance is no guarantee of future results.
Investment return and principal value of a variable annuity will
fluctuate, causing shares, when redeemed, to be worth more or less
than their original cost.
For more information:
*Not FDIC Insured *No Bank Guarantee
*Not a Bank Deposit
*Not Insured by any Federal Government Agency
*May Lose Value*
|Securities, advisory services, and insurance
products are offered through LPL Financial, a Registered Investment
Advisor, member FINRA / SIPC. Sandy Spring Bank and Sandy Spring Wealth
Management are not registered broker/dealers and not affiliated
with LPL Financial.
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