I don't think you will ever get a definitive answer to your questions. But, I think the advisor should get most or all of the sales load, because they made the sale. They should not get any of the internal fund management costs because they are not involved in the ongoing management of the assets within the fund. Should the advisor disclose this information to the client? No. The load is disclosed in the fund prospectus, and it should be obvious that it is a sales commission for whoever sells the fund. The advisor should make a general disclosure to the client that they do recommend some commission based products. I only buy no load funds and do not pay any AUM fees.
Last edited by retiredguy123; 03-08-2024 at 06:22 PM.
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