In a nod to the competitive pricing pressure roiling the financial services industry, Advisor Group, one of the largest independent broker-dealer networks in the nation, has eliminated, or drastically reduced, the mutual fund fees it was charging to clients of its financial advisors.
Advisor Group announced that, effective August 1, clients would no longer pay mutual fund fees associated with exchanges, systematic transactions, account inactivity and low balances. Other fees involving mutual fund-only IRAs also were reduced.
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