Market conditions create new DSC worries

Market conditions create new DSC worries

10 Comments
  • Irv 2015-08-04 3:24:31 PM
    The DSC will only be an issue if steps haven't been taken to counter these types of problems. What about having a portion of the account in non DSC if cash is needed? What about a transfer to a MMF if you want to get out of the market? It doesn't matter DSC or not, if the accounts haven't been setup properly there can be problems.
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  • Bruce 2015-08-04 3:54:04 PM
    An advisor is free to move between differing DSC funds without a penalty to the client. Please explain why you see a problem.
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  • Susan McArter CFP 2015-08-04 5:40:35 PM
    This is a ridiculous article and obviously the writer does not understand Mutual Funds. Yes if you invest with Fidelity Funds DSC you have to remain with that Fund company until the DSC schedule has matured or cause unnecessary fees to your client to move to a new Fund Company. However I am not restricted to move investments from Equities to Cash or Bond or Balanced Funds if the market so dictates. This is called a switch and is done at no charge to the client. If you are a credible and ethical Advisor you would not churn a clients investments and you would see your clients on a regular basis. Because yes markets do change. In the IROC world every time a change is made a fee is paid by the investor. This does not happen in my world. All the nonsense concerning fees and DSC that is not accurate needs to stop. If your going to write something it should be un bias and factual.
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