July 9, 2007
My wife sells mutual funds and has a very educated clientel most of her clients are teachers and I would venture that they know Dianne receives a small fee for service over the years that fee has grown, and about 2/3 of it allows us to hire someone to help provide ongoing services If that fee were lost we would have to let our employee go or stop providing service , or charge a fee for service to compensate for the loss . Many new advisors are now charging fee for service so the really don’t care but my wife who is not licenced to charge a fee can not make up for the loss . I believe many investors would be unhappy to know they would loose us for service . We have a great relationship with our clients and would hate to loose them to someone else who would not give them service. We send our clients a newsletter every month I think I will ask them to give us there opinion. Then link to this site for you to look at there comments. Sincerely Jim Mitchell