Advisory Accounts |Mutual Funds | Annuities

 

Advisory Accounts

Will I be charged a commission or load when purchasing investments in an Advisory Account?
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 portfolio?
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.

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Mutual Funds

Do all mutual funds charge fees?
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 for?
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 goals.

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.

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Annuities

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.

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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 Planning

What is the difference between a deferred and an immediate annuity?
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.

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For more information:

Sandy Spring Wealth Management

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*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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