Huckleberry Private Account | Mutual Fund | Hedge Fund | Financial Advisor or Broker | |
---|---|---|---|---|
Alignment |
High 100% of our money is alongside yours |
Varies 51% of managers invest $0 in their own mutual funds |
Varies Managers may or may not invest in their own hedge fund |
Varies Advisors rarely invest alongside clients (though some do) |
Transparency |
High Real-time view of all your holdings. |
Low Quarterly statements reveal largest holdings as of 60 days ago |
Very low Hedge funds are often highly secretive about their holdings |
Moderate Quarterly or monthly statements list all holdings |
Access to your money |
High Withdraw or deposit any amount at any time - free. |
High Some funds charge a fee upon selling |
Low Must lock up funds, often for years |
Varies Some advisors hold securities with penalties for selling |
Fees (averages) |
1.0 - 1.5% No hidden fees. Low and simple. |
1.37% The average mutual fund also charges a 5.3% load fee. |
1.60% The average hedge funds also keeps 18% of your profits |
1.25 - 2.50% Fees depend on portfolio size |
Tax efficiency |
High Only trades in your account affect your taxes. |
Low Behavior of other mutual fund investors affects your tax bill |
Low Behavior of other hedge fund investors affects your tax bill |
High Only trades in your account affect your taxes |
Personalization |
Yes We accommodate your legal or moral preferences |
No No personalization |
No No personalization |
Varies Depends on advisor |