Fund-tracking firm Morningstar has launched a set of Internet-based applications to help advisers at brokerage firms comply with federal regulations requiring them to inform clients of mutual fund breakpoint discounts on front-end sales loads.

The Advisor Compliance tools are also designed to help investors understand and receive the breakpoint discounts for which they might qualify. One particular service, Compliance Data Digest, centralizes information for the roughly 240 fund families providing load funds, including rights of accumulation and letters of intent.

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