Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
The article talks about front-end loads being the worst. That would be the case if the fund was not held, but traded for another front-end load. But the biggest "crimes" are the B and C class shares, with outrageous annual expenses, sold as "no-load" products. B shares usually convert to A shares after a number of years. But C shares never convert, and retain their ridiculous fees forever. The article does, however, discuss the role of fiduciaries in advisory capacities. That is something the wirehouses and broker-dealer industry are fighting tooth and nail, saying the average investor would have no to look out for them if all advisors were forced to assume a true fiduciary role. Boo-hoo.
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