Assessing the Costs and Benefits of Brokers in the Mutual Fund Industry
Many investors purchase mutual funds through intermediated channels, paying brokers or financial advisors for fund selection and advice. This article attempts to quantify the benefits that investors enjoy in exchange for the costs of these services. We study broker-sold and direct-sold funds from 19...
| Main Authors: | , , |
|---|---|
| Format: | Journal article |
| Published: |
2009
|