Originally Posted by
fatlard
Option 2-a You can optionally change the AAA account to a pathways account which has an min of $1000 and a 0.85% fee and you can waive the $150 fee.
I imagine most will pick option 2-a as the fee would be $8.50 a year
This whole show strikes me as a bit bizarre. I would have thought that the whole reason for shutting down the MS Access program was to eliminate the minimalist bonus-hunting optimizers that were unprofitable for MS. But now they're offering a product with a $1k minimum instead of $5k. Sure, their AUM fees are 50 basis points higher and those MS Pathway funds are not ultra low cost, but it is still picking up pennies for them. 1.3-1.4% of $1k is still only $13-14 a year to manage an account. Perhaps the $1k minimum is a temporary waiver? The rep that talked to me implied that it was, but he may have been referring to the self-directed option. I would not be shocked if these programs or rules changed a bit in the next year or so.