A Strategic Insight report released last week points 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 advisers, but it's not all as clean and easy as it seems," said Avi Nachmany, director of research at Strategic Insight.

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.