So, ask your discount broker what fee you are being charged to buy and own mutual funds. If you are being charged an ongoing trailing commission for personalized advice, you are being charged for a service that is not being provided. Ideally, the charge would be equivalent to what you’d pay to buy an ETF, around $9.95 .
Securities regulators have banned all trailer commission payments to discount brokers but the effective date of the ban is June 1, 2022! Between now and then , your savings are being harvested , Take action now to eliminate the damage to your life savings.