Your Survival Guy

Preparing your investments and family for when disaster strikes.

Disclosure

  • Home
  • Your Survival
    • EMP Threat
    • Tucker Explains
    • Newport Gas Outage
    • Water
      • Emergency Water Storage
      • Let There Be Water
    • Get Your Gun and Your Training Now
    • Satellite Phones
    • Navy SEAL Survival Kit
  • Your Money
    • Coronavirus Infects Stock Market
    • Looking for a Better America
    • You Invest, They Win
    • Where to Keep Your Cash
    • Paris
    • How to Buy a Boat
    • Dead or Alive? The Future of Long-Term Investing
    • Is Vanguard too Big?
    • Cryptocosm and Life After Google
    • The Last Intelligence Report
    • The Truth Behind the S&P 500
    • RAGE Gauge
    • How Many “Retirees” Will Keep Working?
    • Your Retirement Life
    • You’ll Love This if You’re Dreaming of an Active Retirement Life
  • Weapons
    • Self Defense
    • Every Family Should Own at Least One Shotgun: Here Are Three
  • About Me
    • Preparing for Times Like These
    • My Videos/Pics
    • Music
      • RIP Neil Peart: You Will Always Be Remembered as a “Modern-Day Warrior”
  • You
    • Our Cabin on Kodiak, Alaska
    • If You Are in Pain, this May Help. It Helped Me.
    • How to Save for a Grandchild
    • FIRE! Financial Independence, Retire Early
    • Compound Interest
    • Arithmetic of Portfolio Losses
    • Maximum Portfolio Withdrawal Rate
    • An Efficient Frontier
    • Retirement Compounders
    • Counterbalanced Total Returns
  • Survive & Thrive
    • January 2021
    • December 2020
    • November 2020
    • October 2020
    • September 2020
    • August 2020
    • July 2020
    • June 2020
    • May 2020
    • April 2020
    • March 2020
    • February 2020
    • January 2020
    • December 2019
    • November 2019
    • October 2019
    • September 2019
    • August 2019
    • July 2019
    • June 2019
    • May 2019
    • April 2019
    • March 2019
    • February 2019
    • January 2019
    • December 2018
    • November 2018
    • October 2018
    • September 2018
    • August 2018
    • July 2018
    • June 2018
    • May 2018
    • April 2018
    • March 2018
    • February 2018
    • Welcome

Government’s Fidelity Probe Looks to be a Non-Starter: Part II

February 28, 2019 By E.J. Smith - Your Survival Guy

By Alex Paul @ Shutterstock.com

Yesterday I wrote to you about the government probe into Fidelity. My view continues to be that this looks to be a non-starter. But unfortunately, when you’re in the headlines, questions are always going to be asked. The thrust of the probe is related to an infrastructure fee Fidelity negotiates with other mutual fund companies for the privilege of listing their funds for sale on Fidelity’s FundsNetwork.

The infrastructure rate is agreed upon between the two parties and is listed in the fund prospectus or plan document. A plan document is used by retirement plans such as 401(k)s to make disclosures, much like a mutual fund prospectus. Since a retirement plan is governed by ERISA laws, it falls under the jurisdiction of the Department of Labor which is leading the probe.

For a while now I’ve voiced concerns with the mutual fund model here, here, and here. This probe has nothing to do with investing in mutual funds. It has more to do with the network in which they are purchased.

Please note: If you have an account at Fidelity and invest in stocks and bonds, then you are not affected by this fee. Also note: If you own Vanguard funds at Fidelity, you are not affected by this fee.

My takeaway is that it’s important to pay attention to all fees, and to understand that you can look them up yourself. And if you ever feel like you’re in the dark, talk to someone in the business who you trust will give you the information you deserve.

The following two tabs change content below.
  • Bio
  • Latest Posts
My Twitter profileMy Facebook profileMy Instagram profile

E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com
My Twitter profileMy Facebook profileMy Instagram profile

Latest posts by E.J. Smith - Your Survival Guy (see all)

  • The Great Reset: Crush the General Population’s Resistance - January 28, 2021
  • The Great Reset: What’s in a Name? - January 27, 2021
  • I Stand with Rand - January 27, 2021
  • Valuations Reminiscent of Dot-Com Crash in 2000: Part II - January 27, 2021
  • You Know “We’ve Been Lied To” and They Laugh at Us - January 26, 2021

If you enjoyed this post, email it to a friend:

  • Email
  • Print
  • Facebook
  • LinkedIn
  • Twitter
  • WhatsApp

Related Posts

Trending

  • Your Personal Safety: Concealed-Carry How to Carry Your Freedom
  • There's Always a Way Forward for Americans Like YOU
  • PANDEMIC Pushes Military-Grade Surveillance on Americans Like YOU
  • Do You Know Who’s the Largest Owner of Farmland in America?
  • How Are You Doing on a Local Level?
  • Tucker Explains: Who Is Biden Nominee Kristen Clarke?
  • Don’t Be on Their Radar, Get Out of Debt Now
  • The Fed is Sacrificing Retirees to Save the Banks
  • I’ve Been in Richard Young’s Maximizers for Years
  • Great Reset, Swiss Way, and Living YOUR WAY

YOUR SURVIVAL GUY MUST READS

  • Exclusive! Survive and Thrive: Election 2020 Edition: Stock Market is Predicting a Trump Win
  • The Great Reset: Meet the Climate Czar and His War: Part V
  • Joe Died Suddenly, What If It Were You?
  • Why I’ve Stocked Up on Dr. Mercola’s Recommendations
  • Vaccine? What’s Love Got to Do with It?
  • Stealing Your Dollars in the Dead of Night
  • Cuomo’s Paint by Numbers Restrictions Ruled Unconstitutional
  • RCY’s Brand New Investing Program – 100% Swiss
  • Why They Flee
  • Why Vanguard is Too Big: Part X: A Lesson from My Father About Paying Too Much
Only if You’re Serious
Only if You’re Serious
Only if You’re Serious
Escape the City
Smith Family Robinson
Only if You’re Serious
Why Vanguard is Too Big for YOU
See Who's Missing the Boat
You Invest, They Win
Emergency Water Storage
Emergency Water Storage
Emergency Water Storage
Why Fidelity is Number One

Copyright © 2021 | Terms & Conditions

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.