Anyone know how much Smith Barney charges in comission to sell stocks?
Question:
Nic
Answer:
Well, there are revenue-sharing, sales charges, annual distribution and service fees (referred to as"12b-1 fees"), applicable redemption fees and deferred sales charges, and other fees and expenses disclosed in the fund's prospectus fee table.
Revenue-sharing payments are paid out of the investment adviser's or other fund affiliates revenues or profits and not from the fund's. Revenue sharing charges are: (a) 0.09% per year ($9 per $10,000) on fixed income fund assets held by our clients, and (b) 0.12% per year ($12 per $10,000) on equity, balanced and offshore fund assets held by clients, subject to a minimum charge of $50,000 per year per fund family, or $25,000 per year for fund families that offer five or fewer funds at Smith Barney.
12b-1 fees: This fee is designated for promotions, sales, or any other activity connected with the distribution of the fund's shares. The fee must be reasonable: 0.5% to 1% of the fund's net assets, and up to a maximum of 8.5% of the offering price per share.
You should always read your prospectus booklet when they send it out to you. The prospectus break down the charges for you.
Hope this help you a little.
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