Best Funds–A Unique Service For Your Family, Your Business

By Al Meszaros, CFA, Partner

Did you know that Midwest Investment Management’s “Best Funds” program offers an excellent savings or investment option for your family members or your company’s 401(k) plan?

How it works

From a carefully selected list of 18 mutual funds in six different categories, we create a portfolio of several funds for people who want professional investment guidance for an investment account — such as a child’s college savings, an IRA, or 401(k) — but don’t have a high enough balance to qualify for our traditional, individually managed account.

Significant benefits:

• Independent Advice. We choose freely from thousands of funds—the only criteria is the well being of our clients. We accept no payments of any kind from these funds and monitor every fund for any adverse changes in managers, performance or philosophy.
  Our only income is the management fee we receive from our clients.
• Excellent Performance. We seek strong results and verify that the manager responsible for that performance is still running the fund and consistently applies a philosophy we understand and agree with.
• Low Cost. Because high costs can reduce returns, we insist on funds with low expense ratios, and which do not charge loads (sales fees). For example, one fund we use, “American Funds Washington Mutual” carries a load (sales charge) of 5.75%, but can be purchased by our clients without that sales charge.
• Superior Service. Because the Best Funds program is operated by Midwest Investment Management, you will receive superior service that no individual mutual fund family can match.

For individuals

Every account is tailored to a person’s specific investment goals. For example, a portfolio created for someone approaching retirement might emphasize income-oriented funds, whereas an account established for a child’s future college expenses might emphasize growth-oriented funds.

For company 401(k) plans

Company 401(k) plans can benefit from the Best Funds program because:

• It simplifies the process of selecting quality mutual funds for employees;
• Fund sales fees are eliminated;
• Every participant can have a plan individually tailored to their age, future needs, etc.

If a “Best Funds” account could benefit you, a member of your family, or your company, I invite you to contact me at (216) 830-1133 or elm@mimllc.com