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July 29, 2010 |     |
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About Scarborough's Fees
Scarborough has consistently charged among the lowest investment management and related fees in the industry. There are never any sales or withdrawal charges. In fact, Scarborough fees are usually more than 40% lower than the average broker IRA.
These fees are deducted from the performance of the fund, and will vary depending upon the mix of funds you select. There is also an annual fee of $35 deducted from your account to help cover recordkeeping costs. If you are considering other plans, such as an IRA, you should have the broker provide you with all of the following information: sales or withdrawal charges, annual expenses, investment management expenses and investment advisory fees. That way, you can make a side-by-side comparison with Scarborough's fees. Compare Scarborough fees to Broker IRA fees The 10 Questions to Ask a Broker FINRA Mutual Fund Expense Calculator High expenses can hurt your retirement savings. To help you understand the impact that expenses and sales charges can have on your retirement savings assets, we have provided you access to the Financial Industry Regulatory Authority (FINRA) Mutual Fund Expense Calculator. By allowing you to do a side-by-side comparison, this calculator will help you understand the long-term impact of expenses, including sales charges, of the mutual funds that you may be considering. For the FINRA Calculator, which you can use to help project how your investment will grow under specific conditions, click here. The Financial Industry Regulatory Authority (FINRA) regulates the activity of virtually every securities firm doing business with the public in the United States. FINRA establishes rules that govern their behavior and examines them for compliance. It also monitors sales practices of brokers and is active in investor education. |
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