Ameriprise recommended and sold these customers more
expensive mutual fund share classes when less expensive share classes were available.
According to the SEC's order, Ameriprise Financial Services Inc. disadvantaged certain retirement account customers by failing to ascertain their eligibility for less
expensive mutual fund share classes.
Over the long - term, C - Shares are the most
expensive mutual fund share class.
Not exact matches
Perhaps so, but as Whitebox
Mutual Funds continues to grow through thoughtful risk and portfolio management, it should adopt a simpler and less
expensive fee structure: single
share class, no loads or 12b - 1 fees, reasonable minimums, and lowest ER possible.
The Securities and Exchange Commission recently charged Ameriprise with selling retirement - account customers high - cost
mutual fund share classes when less -
expensive share classes were available.
Plaintiffs argue it was inappropriate to allow three recordkeepers to supply the plans with a separate menu of investment choices, including
mutual fund share classes that charged higher fees than other alternatives that offered the same investment strategies or less
expensive share classes of the exact same investment
fund — or both.
Plaintiffs argue it was inappropriate to allow each of these recordkeepers to supply the plans with a separate menu of investment choices including
mutual fund share classes that charged higher fees than other alternatives that offered the same investment strategies or less
expensive share classes of the exact same investment
fund — or both.