A broker-dealer group says it will be lowering ticket charges for financial representatives and advisors.
ING Advisors Inc., Atlanta, a unit of ING Groep N.V., Amsterdam, says the changes should the cost of trades about 10% to 25%.
The cuts will take effect for trades settled on or after Oct. 1, ING Advisors says.
ING Advisors says it is reducing prices in every category for its advisory reps and reducing prices or holding them stable in every category for retail reps.
Load mutual funds charges were reduced by one-third, and the cost of conducting retail trades involving listed stocks and mutual funds will drop by about 10%, ING Advisors says.