The mutual fund subsidiary of TCW Group, a money management firm geared to institutional and high-net-worth investors, is making plans to expand the distribution of its funds.
TCW Funds Management is asking shareholders of the TCW Galileo Funds to approve structural changes which should broaden the distribution of the funds. TCW wants to add a new class of shares -- the Investor class -- which would include a distribution fee of .25 percent for intermediaries who service Investor class shareholders. The funds' existing institutional class has no such distribution fee. TCW said it is also likely its distribution subsidiary will make additional payments to intermediaries.