When Investing Meets Revenue Sharing: Part 2
Recordkeeping companies have typically marketed their products assuming that some, or all, of their fees would be paid by the revenue sharing from the funds within their client’s plans.
Recordkeeping companies have typically marketed their products assuming that some, or all, of their fees would be paid by the revenue sharing from the funds within their client’s plans.
Fund companies actually tailor the expenses of their funds to provide differing levels of revenue for their recordkeeping partners.
The perceived benefits of the Treasury Temporary Guarantee Program for Money Market Funds were a bit wanting as expenses related to participation by the fund managers were being passed directly to investors.