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Commission rebate mutual fund

commission rebate mutual fund

These fees generally range between.25 and 1 and are paid out of the credit card sweeps fund's management expenses.
A member of the organization of the mutual fund may also organize and present conferences or seminars for the sales representatives of participating dealers provided certain conditions are met.Once the credit grows to a meaningful amount, the broker will then, at the direction of the investment advisor, pay the expenses of the fund directly to the fund vendors.This means the salesperson should be providing the purchaser of the funds with ongoing services such as answering any questions openoffice gift certificate template you may have about the performance of your fund(s and other related matters.For flybe voucher codes november 2015 example, the advisor may instruct the broker to pay custody fees directly to the funds custodian and to charge the payment against the funds credit balance for commission recapture rebates.The answer depends on the mechanics of how the commission is being rebated to the fund.Many of our clients who participate in commission recapture programs come to us with questions on how to properly account for the rebate.The second method is for the broker to allow the rebated commissions to build up as a credit.If the rebate is paid directly to the contractors for expenses incurred by the fund, the fund would still need to record the expenses paid by the broker with an offsetting entry to a fees paid indirectly contra-expense account.The regulations establish standards of conduct that aim to minimize the conflicts between the legitimate commercial goals of participants in the fund industry and the fundamental obligations they owe to investors.Generally, a member of the organization of the mutual fund (and not the mutual fund) can pay participating dealers sales commissions and trailing commissions, as well as the costs of marketing and educational events within prescribed limits.
This fee is paid as long as you hold units in the fund.
A trailer fee is a service commission.If cash is received directly by the fund, the cash should be recorded as an adjustment to realized and unrealized gain loss depending on whether or not the security that the commission relates to has been sold.Payments and other benefits that can be made by a mutual fund and a member of the organization of the mutual fund to a participating dealer and its sales representatives are restricted.If the fund has an expense limit, the expense limit of the fund would be effectively reduced by the fees paid indirectly.For example, if the broker paid fees equaling.01 of net assets on behalf of the fund, and the fund had an expense limit.25, the expense limit would be reduced.24 to ensure that the fund receives the benefit of the commission.There are generally two methods brokers use to rebate commissions to the fund.Certain types of sales commissions and trailing commission structures are prohibited.For a mutual fund, a member of the organization of the mutual fund means the funds manager, its principal distributor, its portfolio adviser, any affiliate of the foregoing and a person or company that is organized by a member of the organization of the fund.