A new study released by Strategic Insight pointed out that traditional point-of-sale commissions for mutual fund sales are close to being extinct. Of all the sales in 2007, 60% occurred without any front-end loads.

"High commissions have become obsolete, but that doesn't mean consumers are better off. They have more options on how to pay advisors, but it's not all as clean and easy as it seems,” said Avi Nachmany, a director of research at Strategic Insight.

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