Basically, they are a sales fee paid by the investor to compensate the broker or seller who sold the fund. Sales charges are expressed as a percentage and generally cost between 3% and 8.5% (FINRA rules prevent mutual fund charges from exceeding 8.5%). Investment fees are fees charged for using financial products, such as broker fees, trading fees and expense ratios. Investment fees are one of the most important determinants of investment return and are something that all investors should focus on, especially when considering Gold and Silver IRA Companies.Advisor fees are the costs charged for hiring a financial advisor.
Like the mutual fund spending ratio, many investment advisors charge a percentage of the AUM. Financial advisors usually direct their investments to mutual funds, among other investments. If you add the investment advisor's commission rates and mutual fund expenses, your total annual fees can easily exceed 2%.