Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
We decided to close out my wife's former 401k back in 1998 with Fidelity and rollover the funds into a Wells Fargo Securities account because we bank with them. Since then we have a total of three accounts established with WFS.

We were sold B shares of several mutual funds that haven't had exactly stellar performance. I wish I started Fooling around this website to learn about the disadvantages of B shares because now I want to transfer our accounts back to Fidelity for a number of reasons:
1. B share "no-load" CDSC fees with ongoing higher expenses can effectively lower returns.
2. The yearly maintenance fee of $30 for each account.
3. Lack of web access.
4. Lack of automatic asset building through a link with our checking account.

What to do? Transfer and take the CDSC hit or stay until the B shares convert to A shares?

Thanks
Bobby O
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.