New Mutual Fund Rules Won’t Limit Advice

New York Times article written by Ron Leiber. The article explains some of the S.E.C’s views on 12b-1 fees and rules that will limit compensation to advisers who are paid by the mutual fund companies.” The fact is, there are plenty of financial planners who already work on a fee-only basis, meaning they only make money by charging customers directly for their services. You can pay these professionals by the hour or pay them a percentage of your assets under management each year or some other way.” More….