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You're listening to Ramsey Everyday Millionaires, where we talk investing, retirement, building

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Kyle's in Spokane, hey Kyle, what's up?

Yes sir, happy to speak with you Mr. Ramsey and Mrs. Walshaw today.

I have a quick question, my wife and I are on baby steps four, five, and six.

We recently sat down with a few of your Smart Vestor pros, all of whom are excellent.

We narrowed it down to two, but there's one big difference between them.

They'd both be great to work with, but I hope to get some guidance.

One is strictly fee-based.

They assess 1% of the account value annually.

That would decrease by a few tenths as the account increases in value.

The second is commission-based, where it's 3.5% of all new money invested.

In the long term, it seems like the e-based approach would be way more expensive,

but he aren't used that commission-based guys may use mutual funds with higher

maintenance fees to kind of compensate themselves with that.

That would not be true of a Smart Vestor.

Someone that has integrity would not do that.

So, Smart Vestor this morning to charge you, I buy commission-based,

but most people do manage funds, like you're talking about.

The vast majority of our Smart Vestor pros are managed funds, or the 1% plan.

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