Want advice on a Broker to work with

[Still_Small_Voice]

I am looking for an inexpensive honest broker in Utah around Centerville, Layton or Ogden area.  I have a 401K I want to rollover from an old employer to another mutual fund.  They are charging me $60 in fees a year to stay with this employer's fund.

 

Is there any advice on whom to contact?  I would prefer that one has experience or knows this financial advisor.  Send me a personal message if you do not feel comfortable posting their contact information.

 

Thanks.

[askandanswer]

perhaps try listening to the still small voice, its the best advisor you'll every hear  from (sorry, couldn't resist) :)  

[Guest MormonGator]

Find someone boring. The best choices I ever made with my own personal investing are not flashy, but low risk investments for the long haul. 

[bytor2112]

When u roll to an IRA with whichever firm, most all charge a "custodial fee". $60.00 isn't unusual and some are more. You could do a fund direct account with American Funds or Fidelity, etc and I think the custodial fee is about $10.00 annually.

Edited February 28, 2015 by bytor2112

[Still_Small_Voice]

I was wanting to roll the 401K into the "American Balanced Fund Class C shares" mutual fund.  Their fees are $14.10 per year presently.  I did have a broker out in New York, but I would prefer to work with someone locally.  The only broker I can find with the company I was with is down in Salt Lake City. 

 

I guess I will call them unless someone else has suggestions for me.

 

Edit: The symbol of the mutual fund is "BALCX" and information on it can be found here:

 

http://quotes.morningstar.com/fund/BALCX/f?t=BALCX

Edited February 28, 2015 by Still_Small_Voice

[bytor2112]

If you are already decided on what fund you wish to purchase...you don't really need a broker to do it for you. American Funds has a pretty decent web sight That said they are advisory funds, meaning they have loads. ( I have been in the investment business 25 years) whereas, Fidelity or Vanguard, Janus and multiple others are no loads and all have balanced funds. C shares have fairly high internal fees, 12B1 etc. Vanguard and other no loads do not....maybe .25bps....

Edited February 28, 2015 by bytor2112

[Still_Small_Voice]

Bytor are there any mutual funds you would recommend I look at?  I want to go somewhat aggressive investing for the next 14 years.  Reitrement age is still at least 25 years away for me.