I had some money rolled from ESOP shares of a former company into an American Funds IRA. A friend had recommended an advisor and he took care of it. It's been doing fine, but I'm not a micromanager. My wife came along with me during my annual "check up" and she brought her retirement info for their review. They recommended that she move money from her Vanguard IRA to American Funds too. This led to her doing some google searching and it's not a clear step up. One of the biggest differences is that she doesn't have to pay Vanguard any fees, but American Funds does charge fees. I guess you could take her specific Vanguard investments and compare it to the proposed American Funds investments, and factor in the fees.
In general, however, is American Funds a high performing company? The advisor said that they were one of the few that routinely out-performend the index. I would appreciate your thoughts, input, suggestions.
In general, however, is American Funds a high performing company? The advisor said that they were one of the few that routinely out-performend the index. I would appreciate your thoughts, input, suggestions.