Gemini’s Alma Piscitello penned the article, “DOL Rule Doesn’t Necessarily Make Traditional Share Classes Obsolete” for WealthManagement.com. Here is an excerpt:
“To help financial advisers and brokers comply with the Department of Labor’s fiduciary rule, some investment managers are offering two new share classes for their mutual funds. However, while the new T shares and “clean shares” are designed to lower fees for investors and eliminate the incentive for advisers to recommend one fund over another, the alphabet soup of share classes in today’s market isn’t likely to lose many of its existing letters, as some have predicted.”
To read the full article on WealthManagement.com, click here.