FINRA Mutual Fund Expense Analyzer for FirmsFINRA is making its mutual fund expense analyzer available without charge to securities firms for use on their intranets as a tool for brokers or on their public Web sites for use by their customers.Because fees and expenses can vary widely from fund to fund, FINRA developed this expense analyzer to help investors and brokers compare how sales loads, fees, commissions, and other fund expenses that can impact returns depending on the investment amount, holding period, and characteristics of specific funds and share classes. Using this FINRA tool, brokers can calculate the expenses of up to three funds or classes of a single fund at the same time. The information needed for the analyzer is available in a fund's prospectus and/or statement of additional information (SAI). The FINRA Mutual Fund Expense Analyzer is easy to set up. Firms do not need to download any software to install the analyzer and minimal IT support is needed. The analyzer runs off of FINRA's servers, but may be deployed in your firm's site:
As always, firms and registered representatives have full responsibility for making suitable investment recommendations. Use of FINRA's mutual fund expense analyzer does not guarantee compliance with regulatory requirements nor create a safe harbor from regulatory responsibility. Register now If you have a question or need more information, let us know. |
