Many Registered Representatives Would Prefer to Be Fee Only
Nov 19th, 2006 | Filed under: Investment Management FeesBy: Bruce Kelly, Investment News.com
Published: November 6, 2006
Is it any surprise that brokers want to throw in the towel on mutual fund trailers and sales commissions when so much of a typical mutual fund can be replicated by (no trailer) ETFs? Fees based on assets under management would allow advisors the flexibility to use ETFs and hedge funds without the concern of losing revenue.
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