Wednesday, June 17, 2009

 

Pershing asks advisers to pay surcharges for more funds

Although most funds absorb costs, some popular offerings pass them along

Pershing LLC, the largest provider of back-office services and financing to small and independent broker-dealers, this month began charging shareholder servicing fees to brokers and financial advisers who buy certain mutual funds from its Fund Center platform...

Investment News: Pershing asks advisers to pay surcharges for more funds

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