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.

http://www.mmexecutive.com

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.