Mutual funds remain one of the best investment vehicles for individual investors, but many shareholders are unaware of the hidden fees that are being paid to large, traditional brokers for overseeing mutual fund investments in their accounts.
Don't get me wrong—I love mutual funds. They provide investors with professional management and the ability to diversify assets at a reasonable cost. More than 90 million Americans use mutual funds to help them achieve their financial goals, from saving for retirement to socking money away for a child's college education.
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