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Wednesday, April 03, 2002


Buyer Beware

by: InvestmentWires Staff, 

An article in today's Wall Street Journal warns investors who may be looking into mutual funds right now about extra incentives for their brokers. The author, Ian McDonald, states that some firms are offering financial advisors extra commissions to push their funds. There is some concern that those in the broker/dealer community might be swayed by personal financial gain over the best interests of their clients. The article states that MFS Investments, OppenheimerFunds, and Zurich Scudder Investments are all using reallowance incentives. 

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