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Anyone looking to invest w a firm like this one should really think twice!

I recently forwarded a large sum of money for deposit into one of my 3 retirement plans housed there. I received the following message:

"I have been instructed by our branch manager to inform you that Stifel can no longer service your accounts as long as no load funds are the principal investment in your account. The concern is that these funds do not generate sufficient revenue for the company>"

The letter goes on to suggest 2 alternative funds, each of which is a 1-2%
load with annual expenses greater than 1.5%

I have asked them to return the check I wanted to deposit, and will start
another account for my qualified plans elsewhere.
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I'd recommend you research these two, either one would be a better choice IMHO.

https://www.fidelity.com/?imm_pid=1&immid=00263&imm_...

https://personal.vanguard.com/us/home
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"I have been instructed by our branch manager to inform you that Stifel can no longer service your accounts as long as no load funds are the principal investment in your account. The concern is that these funds do not generate sufficient revenue for the company>"

Well, at least they are upfront with the information. I suspect that most brokers would not state the reason in writing even if it were a factor.
Perhaps it is time to look for a new broker or mutual fund family?

Bob
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Presumably you know how to contact Fidelity, Vanguard, or T Rowe Price?

Best wishes, Chris
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