One way they can open themselves up to a lawsuit is by selecting a retail share class when an otherwise identical but lower - cost institutional share class is available. (planadviser.com)
Often I can save them significant dollars via my access to many institutional share class funds. (moneysmartsblog.com)
$ 100,000 for institutional share class accounts, $ 2,500 for regular retail accounts and $ 1000 for retirement accounts. (mutualfundobserver.com)