Financial Advisors

Who here can open an American Funds account without using a Brokerage Account? It seems like most advisors are forced by their BD to use a brokerage account rather than going direct.

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works at

Cambridge can go direct

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Sad. IRA custodial fees are just $10/annually with NO fees to close the account when you go direct and you still receive your commissions .

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I believe our brokerage account is $50/year with a $95 close out fee. :/

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Can LPL fo direct ?

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That’s good to know. We may be going to Cambridge. So should be easy broker change when we move to Cambridge

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Our BD allows us to go direct with American Funds. Of course they would like us sell using the brokerage platform, but so far there has been no mandate

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Cadaretgrant allows direct. I always use direct unless it's managed money or they want stock. Way cheaper for the client. Better statements and web sites with more informative content.

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We go direct

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I can. No problem.

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I believe we can for 403(b) and 401(k)s, but not retail mutual funds.

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