| does not receive sales commission that are normally directly charged to the clients accounts. Sometimes clients could end up paying up to 8.5% charged as load and only the rest of their assets are used for investing on their behalf. On top of this the clients' assets may be charged other fees and costs such as management fee, distribution (12b-1)fee, redemption fee, exchange fee, account fee, purchase fee and other expenses. These are usually hidden costs other than the advisory fee. |
