wessnjoe[at]netscape.net writes:

- quote -

The brokerage keeps it.

- quote -

Why, yes, it is. That doesn't mean that it isn't, still,
how an advisor gets paid.

--
Plain Bread alone for e-mail, thanks. The rest gets trashed.
No HTML in E-Mail! -- http://www.expita.com/nomime.html
Are you posting responses that are easy for others to follow?
http://www.greenend.org.uk/rjk/2000/06/14/quoting

I beg your indulgence, I just thought of something else. If loads
are about paying the advisor, who gets the load if I just buy a
fund in my 'scotTrade' no-advisor IRA? Shouldn't it go back to me?
Why is the load associated with the fund itself instead of the
advisor if the load has nothing to do with the fund itself? I can't
believe the fund says "We won't accept investments from you
(Mr. Advisor) unless we can send you back 5%. If you really want to
invest $1000, you must send us $1050 and accept $50 by return mail".
It seems that the load structure is just a way of obfuscating
payment to the advisor, who could have functionally identically said:
"Look, I am recommending you buy fund A, B, and C, and I'm moving you
in there, and taking X% off the top for my advice."


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