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But if your employer wants one as a condition of opening the brokerage window, then you can probably live with this if there are at least some decent investment options on your plan's standard fund menu.
The difference is less spectacular with UK equity funds, where the lump sum would be worth £1,250 in an investment trust rather than £1,177 in a standard fund over a year, and £3,658 compared with £2,502 over 10 years.
This compares to the standard fund length of 10 years and allows Activant to be "very very long-term focused," said Sarracino.
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The session constituted a relatively standard fund-raiser for the association and groups like it, which can accept unlimited donations.
At Alltell Stadium in Jacksonville and then at the Hyatt Regency Pier 66 in Fort Lauderdale, Mr. Bush delivered his standard fund-raising speech, but with new urgency about the violence and mounting American deaths in Iraq.
He gave me a hypothetical example: " 'If you can't send us twenty-two dolland and fifteen cents by the close of business Friday, the lights on your cherished Second Amendment freedoms will dim forever.' I mean, I can go on, but that's your standard fund-raising shtick".
Unlike standard funds, investment trusts are publicly quoted companies that trade on the stock market and issue shares to investors, making them "closed" funds.
They are cheaper to buy than standard funds and charges are more transparent as they don't pay commission to the seller.
However, the report also found the annual management charges were, on average, a touch higher for ethical funds at 1.125% compared to an average of 0.75% for standard funds.
There's been talk of this becoming their standard funding model instead of grants, so will it revolutionise aid giving or is it a really a "demoralising nightmare" as it was once described?
Like standard funds, they are a way of pooling your money with other investors to buy a wide range of shares, bonds and even property chosen by a manager.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com