Sentences with phrase «deferred sales charges work»
Deferred sales charges work on a declining scale that typically starts at 5.5 per cent in the first year (sometimes that applies to the amount you invested, and sometimes to the current value of your holdings) and declines to 1.5 to 2 per cent in the seventh year before disappearing altogether.
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The new adviser will have an opinion on your future strategy and will want to work to minimize the impact of any deferred sales charges you might incur by making changes.