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Category: MutualFinancial

Investments & Retirement

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What are the costs associated with receiving investment and retirement guidance from MutualFinancial Investment Services?
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What are the costs associated with receiving investment and retirement guidance from MutualFinancial Investment Services?
There is no fee to meet with us to discuss investment and retirement guidance.
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What are the minimum levels of investment required to open an account with MutualFinancial Investment Services?
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What are the minimum levels of investment required to open an account with MutualFinancial Investment Services?

Each product is different. Mutual funds, our most popular product, can be started with as little as $50 per month directly deposited. Mutual funds can be set up within college savings plans, IRAs, and other products. Most other fund minimums are anywhere between $250 to $2,000 dollars.

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How often do MutualFinancial Investment Services Representatives contact and meet with their clients?
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How often do MutualFinancial Investment Services Representatives contact and meet with their clients?

We meet with our clients on an annual basis. If their investments require attention before the annual meeting, we’ll contact the client to schedule an extra meeting. Similarly, if you have any questions, experience any sort of life change, or change your objectives, contact your representative to schedule an additional meeting as we’d be happy to sit down with you.

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Do you provide online access to my investment account? If so, what can I do online in regards to my account?
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Do you provide online access to my investment account? If so, what can I do online in regards to my account?

Yes; From the online portal, you can view your account, see recent transactions, download statements, and access your 1099 form. Depending on which fund you have set up, you may be able to relocate funds, but we do not advise people to do this on their own and to contact their advisor to do so.

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How are MutualFinancial Investment Services’ representatives compensated?
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How are MutualFinancial Investment Services’ representatives compensated?

All of our representatives are paid in a salary plus commission structure. They receive a regular salary, so there is no pressure for them to make a sale. They are rewarded through commission if a client decides to make a purchase, but they only make a sale if it’s in the customer's best interest.

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Can I combine all of my investment accounts into one statement?
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Can I combine all of my investment accounts into one statement?
Yes, this is possible if we hold everything in the brokerage account. If you would like to combine all your investment accounts into one statement, please schedule a meeting with your MutualBank representative.
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What types of investment products does MutualFinancial Investment Services offer?
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What types of investment products does MutualFinancial Investment Services offer?
MutualFinancial Investment Services offers mutual funds as well as a variety of other products including annuities, tax-free bonds, retirement plans, IRAs, and 529 savings plans.

 

 

These questions and answers are provided for general information only and may not be completely accurate in every situation. The information provided is not legally binding on MutualBank or any of its affiliates or subsidiaries. For assistance with specific questions regarding your account(s), please contact us.

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