Retirement Planning and Financial Expert, Brian Fricke, Exposes Hidden Investment Fees In Annuities and Mutual Funds
Brian Fricke, financial and retirement planning expert, writes about hidden investment fees for annuities and urges investors carefully evaluate their investment fees.
Orlando, Fla. – February 14, 2011 – Brian Fricke, CFP founder of Financial Management Concepts and “Worry Free Retirement” author/expert, recently published an article on his website titled “Hidden Investment Fees…Exposed!” where he explains that even if your financial advisor says that he is being paid by the annuity company, that money actually comes out of investors pockets in the form of hidden fees.
“Have you ever heard a stock broker, financial advisor, maybe even an insurance agent say something like, “Don’t worry the investment company pays me, or the annuity company, or the mutual fund, or the insurance company pays me, so you don’t have to?” That’s the answer one of our clients got from their former financial advisor when they asked a real simple question. They had just bought an annuity from their prior financial advisor. And their question simply was, “how are you getting paid?” The answer? “Don’t worry; the annuity company is going to pay me.” You might not see anything wrong with that. But I sure do.” wrote Brian Fricke.
“We all know there is no such thing as a free lunch. So where is the annuity company getting the money to pay this advisor? From you. They might camouflage it and hide it, but at the end of the day, bottom line, that money is coming out of your pocket,” continued Brian.
Brian goes on to give some advice on what you can do about it. “Since you’re going to pay the fee one way or the other, my advice is that you stop the bleeding now. By that I mean, your best move is probably to go ahead and pay the surrender charge and move on to a lower cost investment vehicle. You could put the same $100,000 into low cost, no load index mutual funds… Think of all that extra money that could be in your pocket instead of sending it off to an insurance, annuity, or mutual fund company.”
The entire article can be found at http://www.brianfricke.com/articles/hidden-investment-fees…exposed.php
Orlando Business Journal has named Brian’s company, Financial Management Concepts, one of the top financial planning companies in Central Florida. Financial Advisor magazine – an industry trade journal- has recognized him as one of the leading financial planning firms in America. Brian Fricke is a Certified Financial Planner. Financial Management Concepts is a Fee Only Financial Planning firm. They currently manage over $98 million of investment assets for a select community of clients.
Brian Fricke also recently announced the launch of a new internet based television show called Worry Free Living TV™. The weekly show will be replacing Brian’s popular weekly teleconference series, “Coffee Talk.” Like the “Coffee Talk” series, Worry Free Living TV™ will cover topics ranging from investing, to taxes, to estate planning, to common mistakes to avoid as well as stories to motivate and inspire you to live and enjoy life on your terms!
Details for each new episode can be found at http://www.BrianFricke.com/news_room
For more information about Brian Fricke and Financial Management Concepts, please visit http://www.BrianFricke.com. You can also call toll free 1-800-294-4917 or send an email request to [email protected]
About Brian L. Fricke, CFP®:
Brian Fricke is the Author of “Worry Free Retirement, Do What You Want, When you Want, Where You Want”.
For the last 6 years in a row Brian and his company – Financial Management Concepts – have been named one of America’s Top Wealth Managers.
Orlando Business Journal has named his firm one of the top financial planning companies in Central Florida. Financial Advisor magazine – an industry trade journal- has recognized him as one of the leading financial planning firms in America.
If you’ve been in Central Florida over 10 years, you may have heard him on the radio. He used to host his own show on WDBO radio. He’s also served on the City of Winter Springs Board of Trustees Pension Fund.
Brian is a Certified Financial Planner. His firm – Financial Management Concepts – is a Fee Only Financial Planning firm. They currently manage over $106 million of investment assets for a select community of clients.
Brian and his team have worked with retirees and pre-retirees from companies like AT&T, Sprint, Harris, Lockheed Martin and Siemens/Westinghouse.
For more information, please visit http://www.BrianFricke.com