Mutual Funds Update - Cost Reduction

Posted by Doug Kinsey - 16 September, 2021


Mutual Funds Update - Acting as Your Fiduciary Advisors

One of our duties as your fiduciary advisors is to improve on mutual fund expenses wherever possible.  To that end, one of the fund families we work with, Anchor Capital, recently informed us that they have introduced a new, lower-cost share class for their funds.  

I've been working with our custodians to convert the shares currently held with Anchor to the new Institutional share class.  This will result in a decrease of .25% in expenses on these funds.  Additionally, this is a non-taxable and no-cost conversion.

So, if you notice this activity in your account or on your statement, be assured that it is intentional, and a beneficial change for you.

As always, if you have any questions, please reach out to me or any member of your team.

--Doug Kinsey, CFP®, CIMA®

Partner, Chief Investment Officer




Topics: Investments, mutual funds

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