MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, July 24, 2013 How Much Money Does Wells Fargo Want From You? Life as a fund firm is never easy, but it recently got harder. MFWire has confirmed with a number of fund industry sources that Wells Fargo now requires fund firms to pay a minimum of $250,000 in fees for access to the company's fund platform. The minimum, sort of like a fund firm co-pay for being on the platform, would be the very least a fund firm would pay to do business on the platform. This isn't the first time a platform has made life hard for fund firms. Morgan Stanley apparently unveiled the same $250,000 minimum a year ago and TD Ameritrade raised its fees recently as well. Printed from: MFWire.com/story.asp?s=45105 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |