Question about brokerages
I have some mutual funds with a brokerage firm that appears to be always buying funds that are front end loaded. I understand why they are doing this, but if I ask them not to what will be their incentive other than possibly buying a fund that has an huge expense ratio, than I loose again.
As you can probably tell, I am very new at this and trying to understand about brokers. Seeing as they are in it to make money and quotas, how can they ever be on my side?
Also, on my statements, there are class A funds which I think means they are ront loaded and than the last thing for the same fund has it as a tpe C. What does the type C mean?
Is it easy to change brokerages and is there a penilty for doing so?