These numbers will shock both your clients and prospects!

Whoa! These numbers from Forbes magazine are shocking! You need to know them to both protect your current client base or to leverage to bring on new clients.

In the article “The Real Cost of Owning a Mutual Fund” they make a case, based on empirical evidence, that when you include both the reported and hidden fees of a typical mutual fund the fees are astronomical.

MF in a Tax-Deferred Account      MF in a Taxable Account
Expense ratio                  0.90%       0.90%
Transaction cost              1.44%       1.44%
Cash Drag                         0.83%      0.83%
______    1.00%
3.17%       4.17%

That should shock some prospects into moving into Managed Money or Fixed Indexed Annuities!

If you’d like the link to the article you can find it here.

About Mike Kaselnak

Michael Kaselnak is considered one of the top marketing and sales experts in the financial services industry. He has personally mentored over 300 financial advisors in the past 10 years. These financial advisors saw their average production increase by 62%. Many saw increases of over 300 percent. He writes articles that have appeared in many mainstream magazines and has written the popular report 300 Financial Headlines that sell.
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