At FX2 | Fixed-Income2.com we recently spoke to a prospective client, he was being charged a 1.5 % fee, to have his money managed, and the advisory/broker had put him in many income mutual funds, each with an additional 1% additional fee.
Thus this prospective clients fees were over 2.5% before the trading and other hidden costs, and these fees were exceeding his returns!!!!! In this very low income environment, this was just plain wrong! The manager and mutual funds were making good returns, while taking no risks, and our future clients was making less money than his fees, causing him to lose money while he was taking all the risk.
To make matters worse this was was for his future retirement.
Our bond fee is 0.50% and in this case only 1/5 or 20% of the total fee of what he was being charged. Our income generation has greatly surpassed what he was getting, and he claims we give him far superior services.
To summarize: The income from his portfolio is over 3 times higher, his fees/costs dropped 80%, and he is making about 8% net off his retirement account instead of losing, plus he is getting better service.
Our fees are almost always below our competitors advisory fees, and we give one to one personal fiduciary services.
The FX2 | Fixed-Income2.com portfolio is designed with low fees to give you a higher return. We are able to keep fees very low with a high degree of service. How do we do this? first we limit our overhead. We have a large internet reach business with one central low cost location / a building in-which we own. We ran from the high rent offices, one in every city model, knowing the clients would eventually would have to pay for this. We aggressively utilize the internet to provide a higher level of transparency, and we are immediately available by Skype. We charge a very low fee and we know of no firms that provide such a high degree of income service that we have provided now for many years.
We are proud to provide a unique and special income service all at a very low fee. Continue reading