Trailer fees are fees that are paid by mutual fund companies to financial advisers to recommend their products. Does this line up? No as financial advisers have a fiduciary role in managing their clients money. Financial advisers should be recommending the most appropriate fund and get compensated on how well those funds do. Why should a client not make a return and the adviser keep getting paid?
Alright, well good news from Ontario. There is a plan to ban trailer fees!
http://www.theglobeandmail.com/report-on-business/mutual-fund-fee-ban-would-bring-low-cost-players-into-the-market-report/article33562819/
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