Mutual Fund Broker of Record

Mutual Funds

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 this service.

The Benefits

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 funds:

The amount of money in mutual fund IRAs surpassed the amount of money in bank CD (certificate of deposit) IRAs several years ago.

The number of mutual funds to choose from over 13,000is greater than the number of individual stocks on the New York Stock Exchange.

Many people who purchase mutual funds never read over their prospectuses or
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 investment.