Investing your retirement portfolio in 5 mutual funds and checking your 
performance once a year is not what portfolio management is all about.  
At Rochester Financial Services, your portfolio is continuously monitored 
to insure that:

• Your required performance is achieved while exposing your 
  portfolio to a minimum of risk
• Only top-performing No-Load mutual funds are used.
• Your portfolio is rebalanced on an ongoing basis to take advantage 
  of changes in the economy, in the stock market fundamentals, and 
  in the relative performance of mutual funds (newsletter).

Today, mutual fund managers are coming and going, fund performance 
varies wildly from year to year, and market leadership goes back and 
forth between large cap and small cap, growth and value, and foreign and
domestic.  Investors are concerned about sky high stock market 
valuations, interest rates, Federal Reserve policy, the next quarter's 
earnings reports, etc.  It is more important than ever to keep a close eye 
on your portfolio - or have someone do it for you. 

No-Load vs. Load Mutual Funds

For those of you not familiar with the terms load and no-load, load or 
commission mutual funds are funds that are sold through brokers and 
salespeople.  These funds have sales commissions of between 4 and 6% 
associated with them, meaning that, for example, a $100,000 mutual fund 
purchase would have a $4,000 - $6,000 commission paid by the client to 
the salesperson.  There are front-end loaded funds that have the 
commission taken out of the investment immediately, or back-end loaded 
funds that have the commission taken out annually at the rate of 
approximately 1% per year.  At Rochester Financial Services, since I am 
a fee-only financial advisor and do not sell any financial products, only 
no-load, no commission mutual funds are used