In a move intended to draw money to its education IRAs, First Investors will waive the front-end load on its funds as long as the proceeds are from other firms’ education IRAs.

First Investors’ promotion is similar to other promotions that fund companies traditionally offer during tax season to draw money to their IRA products. Yesterday, OppenheimerFunds announced it would give A.G. Edwards reps a full reallowance on A share sales in funds included in its IRA program and the brokerage has a similar promotion through Franklin Templeton.

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