Introduction to the FINRA Fund Analyzer

The FINRA Fund Analyzer is a powerful tool designed to help investors and financial professionals compare and analyze various investment scenarios. This article will delve into the features and capabilities of the FINRA Fund Analyzer, providing a comprehensive guide on how to use it effectively.

Types of Calculations Available in the Fund Analyzer

The FINRA Fund Analyzer offers several types of calculations to help users evaluate different investment scenarios. These include:

• Same Fund, Different Share Class, Same Account Type: Compare different share classes of the same mutual fund in terms of cost and account value.
• Same Fund, Same Share Class, Different Account Type: Compare different account types, such as brokerage accounts and advisory accounts, in terms of cost and account value.
• Same Fund, Same Share Class, Different Brokerage Firm: Compare different brokerage costs, all else equal, in terms of cost and account value.

Using the Search Function

The Search function in the FINRA Fund Analyzer allows users to select the desired fund and duplicate it into an additional scenario. This feature enables users to compare different investment scenarios easily and quickly.

Understanding the Analyzer's Results

The FINRA Fund Analyzer provides a detailed analysis of the selected investment scenarios, including costs, account values, and other relevant metrics. Users can adjust parameters such as investment amount, return, and holding period to customize the analysis.

Configuring the Fund Analyzer for Transaction ("Clean") Share Calculations

To configure the Fund Analyzer for transaction ("clean") share calculations, users can follow these steps:

1. Select the same mutual fund with different share classes using the Search tool.
2. Adjust any parameters, such as the investment amount, return, or holding period, for the specific situation.
3. Click Analyze.

Advanced Options

The FINRA Fund Analyzer also offers advanced options, including:

• Wrap Account and Flat Fees: Define the advisory account (also called a "wrap account") using this option.
• Trade Cost & Annual Turnover: Define the trade cost and annual turnover parameters as needed.
• Loads, Commissions and CDSCs: Define the loads, commissions, and CDSCs options as needed.

Conclusion

The FINRA Fund Analyzer is a valuable tool for investors and financial professionals seeking to compare and analyze different investment scenarios. By understanding the types of calculations available, using the Search function, and configuring the analyzer for transaction ("clean") share calculations, users can make informed investment decisions. For more information on investing and personal finance, visit the FINRA website or consult with a financial professional.

Related Articles

• FINRA Fund Analyzer Overview
• Investing Basics
• Investment Products

External Resources

• SEC Investor.gov
• FINRA BrokerCheck