From: Travis Yager |
Dear Ms Morris: I am a licensed Insurance and Mutual Funds Sales Professional. I was advised that the 12b-1 fees may be on the chopping block, and I just wanted to add my two cents before a final decision is made. I feel that these fees are appropriate compensation, to advisor's, for ongoing support to the investor. Some investors require more attention than the others, however, none of them seem to be complaining about the cost involved, or the compensation we receive, through these 12b-1 fees. Given that they are such a nominal amount, I feel that the investor has a greater "return" on what they pay in such fees, that if such fees were to not be paid, and we were to switch to an hourly, or asset based fees, that the investor may or may not get the value of the fees that they would be charged. My vote is to keep the 12b-1 fees, as I feel it is a great selling point, not only do they get the performance from the fund, but they get performance from a real person, a financial planner, like me! Thanks for you time, and God Bless, Travis Yager |