Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Portfolio > Mutual Funds

ING Advisors To Cut Service Fees

X
Your article was successfully shared with the contacts you provided.

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.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.