Belt-tightening measures throughout the fund industry are squeezing wholesaler programs designed to support independent advisors and financial planners out of existence, industry consultants say.

In the past six to 12 months, a growing number of funds have eliminated value-added programs that offer independent advisors practical advice and information on how to develop their business, said Chip Roame, a financial industry consultant with Tiburon Strategic Advisors of Tiburon, Calif.

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