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Subject:  Retirement help from Adviser with a 2% fee? Date:  1/30/2010  2:20 AM
Author:  intercst Number:  66722 of 95587

I got a laugh out of this "Christian" financial advisor Mark Matson, who's been showing up on Fox and CNBC recently.

"No job, no retirement…These measures are like putting bandages on a patient dying of a heart attack," said Mark Matson, founder and chief executive of Matson Money, a financial adviser. Ending all entitlement programs and encouraging personal responsibility would help, he said.


Here's a bit about Mark Matson

Mark’s first step toward improving the way he helped his clients, was to change the way he did business by becoming a fee-only money manager and establishing his own company in 1991 as Matrix Asset Allocation, Inc. With Matrix as the vehicle to provide the best investment solutions available Mark was able to continue his quest for an investment approach that would not only get the job done, but provide the confidence and peace of mind that he thought his clients deserved.


Here's Matrix Asset Allocations fee schedule.

Matrix will deduct an advisory fee based on account size, which will be shared with Jefferson Pilot Securities Corporation according to the schedule below. Fees will not be deducted from annuity subaccounts. Other expenses are generally limited to the internal expenses of the mutual funds and/or annuity, although custodial and transfer fees may apply.

Assets Under Management Annual Advisory Fee
Up to $500,000 -----------------------2.00%
Next $500,000 -----------------------1.00%
Next $3,000,000 -----------------------0.75%
Over $4,000,000 -----------------------0.50%


If your financial adviser is skimming 2% per year from your retirement account, an entitlement like Social Security is going to be all the more important to you. <LOL>

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