In the Margins

What's the truth about 'clean' shares?

October 12, 2017

By BenefitsPRO

Investment advisor and author Chris Carosa has penned a piece on "the truth about clean shares" for BenefitsPRO. "On the face of it, 'clean' shares are being touted as the wave of the future. The fact is, they’re as much a part of the future as steam locomotives are. Here’s why," he writes. "If we are to accept the strictest definition of 'clean' shares, then we’re talking about mutual funds that have no loads, no 12b-1 fees, and no revenue sharing. In an industry that’s dominated by the sales culture (not that that’s a bad thing), it’s rare to find a mutual fund that isn’t tainted by the stain of any one (or all) of these three titans of conflict-of-interest fees." Read the original article from BenefitsPRO

 

 

Most Read

A Seat at the Table
IDC's Kim aims to expand, improve membership

In his new role heading up Independent Directors Council, Thomas Kim plans to focus on the group's core mission while expanding its presence and influence. "As ...