If you pick one of the best mutual fund companies to invest money with you will have a broad array of quality funds to choose from, will get excellent service, and even save money when you invest. Pick the wrong one and you will not be a happy camper. Here we eliminate the losers and point you toward the best in the field of personal investing money management firms.
First, some definition. Mutual fund companies are legally called investment companies, and are often referred to as mutual fund families. There are hundreds of them, and they pool investors’ money and offer money management services for millions of investors collectively. The industry is heavily regulated by the government to protect the investing public.
That said, some are better than others, and they all claim to give good service. All fund companies offer stock funds, bond funds and money market funds to my knowledge. Some funds are sold to the public through registered representatives (salesmen) who have a tendency to tout the funds they offer as some of the best. Other fund companies market their funds directly to the public without a middleman (salesman).
If you invest money through a representative you will pay some form of sales charge called a “load”. If you deal directly with a NO-LOAD fund company you can avoid sales charges altogether.