Mutual Fund Broker of Record
Broker of Record - What Is It?
Our 'broker of record' service allows you to consolidate your
mutual fund holdings on one statement and receive objective
monitoring at no charge. Atlantic Financial will serve as a buffer
between you and your fund company. Unlike working directly with a
fund company, our advice is objective. There is no charge to you for
Not only do you receive objective information that is not biased
toward any particular fund or company but you also receive detailed
advice and reporting. Your account is handled by a professional who
is able to offer far more advice than most order takers at fund
companies and other discount brokers. You will never receive high
pressure sales pitches and we only give advice when requested.
How Do I Do It?
To have us listed as 'broker of record' for your account is a
very simple process consisting of us informing the fund company you
work with that we will be working with you. To be listed or to have
us answer any questions you may have, please
email Atlantic Financial, or use this
contact form or fax your
statements to the attention of Transfers at 1-617-608-9028 (please
include your name and phone number on the fax).
Mutual Fund Facts
Some interesting facts about mutual
The amount of money in mutual fund IRAs surpassed the amount
of money in bank CD (certificate of deposit) IRAs several years
The number of mutual funds to choose from over 13,000is
greater than the number of individual stocks on the New York
Many people who purchase mutual funds never read over their
annual reports to see what their money is
invested in. Some do not know whether their fund invests in
stocks, in bonds, or in a combination of the two. A few do not
even know that there is a difference.
Some people try to time the market, switching in and out of
funds in an attempt to beat the market averages. Or they pay
someone to do so for them.
Interestingly, though, a study by Dalbar (an independent firm
that rates mutual fund company service and investor performance)
found that, over a 12-year period, investors who switched in and
out of mutual funds earned less than one-quarter of what they
could have made by simply holding onto their original