Vanguard is the only investment company owned by it's share holders. I've got a fairly convincing argument so far (you'd think I work for them or get a commission) but was posting to see if any of you could post your "you better put this in the presentation" type info?ĪXA is a for profit company. I am a teacher looking to add Vanguard as an option for a 403b provider at my school district and need to convince at least 9 other employees to transfer their 403b to Vanguard from their current provider (almost all use AXA). Though they may sound better than they are.ĬoachIke wrote:Greetings all! I am a first time poster after reading for quite a while. There are some things Axa would offer that are not comparable to Vanguard, Might help get advice if you list the alternatives.Īnd has someone already selected Vanguard funds offered, or is that still on the table ? What are the Axa product choices ? Guaranteed insurance products or mutual funds ?
Simple math, even an English teacher can understand
Use not just % but take a typical account balance and show them the actual $ per year difference Show them fees for Axa products, Target Date and Total Stock Market. Just set it and forget it at much lower cost.Īnyone inclined to DIY, they wont be as hard a sell and can save even more in fees. Long term savings, then they can get one stop shopping with no guidance needed, at low cost. I would explain the "Target Date" funds if you do get such a response, that if this is their primary
Whether the intention or not, you may well get that response about getting help.
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