Remember when markets were rising, profits were strong and fund distribution was all about having a large wholesaling staff, generous compensation programs to incent wholesalers and support staff to track sales and calculate payouts?

As a result of the 2008 financial market meltdown, the "good old days" of traditional mutual fund distribution are quickly coming to an end. With assets bleeding and profit margins squeezed, mutual fund sales managers are now faced with budget constraints that make it virtually impossible to sustain the expensive distribution model of the past.

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