Home > Term: sales charge
sales charge
Full-service firms commonly charge a sales commission or load when mutual fund shares are purchased or redeemed, because a financial professional helps you analyze your financial needs and objectives and identify appropriate investments that may meet those needs and objectives. The sales charge is waived for mutual funds purchased through an employer-sponsored retirement plan.
- Part of Speech: noun
- Industry/Domain: Financial services
- Category: Funds
- Company: Merrill Lynch
0
Creator
- MJ63
- 100% positive feedback