Report: #1049569

Complaint Review: The Mutual Fund Store

  • Submitted: Thu, May 09, 2013
  • Updated: Thu, May 09, 2013
  • Reported By: BER — Athens Georgia
  • The Mutual Fund Store
    869 North Main Street Alpharetta, GA
    Kansas City, Missouri
    USA

The Mutual Fund Store What you see isn't what you get. Alpharetta Georgia

Show customers why they should trust your business over your competitors...

I was told (emphatically) that the Mutual Fund Store nor any of its funds would charge me any fees, other than the MFS's quarterly maintenance fee.  That is not true - you're charged redemption fees in some of the funds that they'll put you in.  Problem is, they put  you in those funds - you have no control over that.  Also, they tell you that you can liquidate at any time - that's true, but in some funds you may have to pay that redemption fee that they told you wouldn't be charged.   Also, I was also told I would receive a $900 promotional bonus for opending my account by a certain date - it turns out you have to wait 3 years to get that money.  I'll manage my own money from here on out.

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This report was posted on Ripoff Report on 05/09/2013 09:33 AM and is a permanent record located here: http://www.ripoffreport.com/reports/the-mutual-fund-store/kansas-city-missouri/the-mutual-fund-store-what-you-see-isnt-what-you-get-alpharetta-georgia-1049569. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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