Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Fund Firm Incents Advisors Not Rated 2.8 Email Routing List Email & Route  Print Print
Thursday, December 5, 2002

Fund Firm Incents Advisors

by: Sean Hanna, Editor in Chief

Deutsche Asset Management's Scudder unit is reviving extra payouts to advisor selling a select handful of its funds. The firm is the first to offer reallowances since the market began a downward spiral in late summer, according to industry sources.

The move to entice advisors to sell its funds comes as after a seven-week rebound in stock prices that may revive some interest in equity funds.

Scudder is making the bonus payments a selected few of the broker-dealers with which it has selling agreements. The payments add 50 basis points to commissions of advisors selling class B shares and 25 basis points on class C shares for two stock funds (Contrarian and Mid Cap) and two bond funds (Fixed Income and High Yield Tax Free). Advisors must sell the shares between now until the end of January, 2003 to receive the payments.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

2.8
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use