Series 7: 6.1.3.3. Additional Fees

Taken from our Series 7 Online Guide

6.1.3.3. Additional Fees

Mutual funds charge certain fees besides sales charges that come out of the fund’s assets. Mutual funds are managed by an investment adviser or a portfolio manager. These managers are typically paid well for their expertise.

The 12b-1 fees, also called maintenance fees or distribution fees, are fees that are charged to recoup the expenses of selling, marketing, and distributing the fund. They include advertising costs, such as printing materials and mailing prospectuses. They also include the salaries of the sales people, but they do not include transaction costs for buying and selling securities

Since you're reading about Series 7: 6.1.3.3. Additional Fees, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 7
Please Enable Javascript
to view this content!