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URL:  http://boards.fool.com/greetings-pam-and-welcome-you-asked-i-am-a-new-10296640.aspx

Subject:  Re: I.R.A. fund fees Date:  8/27/1998  6:47 PM
Author:  TMFPixy Number:  5209 of 80437

Greetings, Pam, and welcome. You asked:

I am a new investor. I recently rolled over a traditional I.R.A. from a credit union to a Roth I.R.A in the Pioneer Balanced Fund since I did not have much in it. My financial advisor suggested that I do this because I would earn more interest. Even though I read that no-load accounts are the way to go, the one I invested in is a Class A load account. I knew that there was a 5.75% fee for rolling over the account, but I did not realize who got this fee. I called the Pioneer Company. They explained that they received just .75% The other 5% goes to a company that my financial advisor represents. This w