Barrett: Examining fees for mutual funds
Recently, a nice gentleman – let’s call him John – reached out to me to express a discontent with his current financial adviser, but yet he didn’t know exactly why he was frustrated. After asking a few probing questions, I learned that John suspected that his adviser purchased mutual funds having high expenses. While he didn’t have the tools to analyze mutual fund fees, John had a hunch – call it intuition. John was wondering if he was paying too much.