"fund distributor" is a correct and usable phrase in written English.
It typically refers to a person or organization that distributes investment funds to different investors. This can be used in various contexts, such as financial reports, investment agreements, or marketing materials. Example: Investors can choose to invest in our mutual funds through a fund distributor, who will help them select the most suitable investment options for their financial goals.
For example, the Toronto-Dominion Bank owns the TD Waterhouse discount brokerage firm, while Sun Life Financial of Toronto controls MFS Investment Management of Boston, a large mutual fund distributor.
A government filing for the Dreyfus Premier Technology Fund, which was recently selected by Boeing's 401(k) plan as its only technology fund offering, noted that the fund distributor may pay finders' fees to agents who sell its funds to investors, including those in employee benefit plans.
Open-end funds are those you can purchase through a fund distributor, a fund supermarket or broker.
A financial planner and fund distributor, Tecis appeals to the growing appetite in middle-class Germans for fund investing.
Kwan has also set up a joint venture with Hong Kong's largest mutual fund distributor, Pegasus, to capitalize on the territory's new defined-contribution pension system, known as the Mandatory Provident Fund.
When a fund sells Class B shares, fund distributors advance lump-sum commissions directly to brokers.
He has since held separate meetings or conference calls with several of the big mutual fund distributors, including Fidelity, Charles Schwab and Merrill Lynch.
Last month, the country's financial regulatory commission asked all fund distributors, mainly banks, to verify that no trading abuses were occurring, said Simone Delcourt, head of its department for regulation of mutual funds and pension funds.
A Gallup survey commissioned by the Investors Group of Winnipeg, one of the country's biggest mutual fund distributors, found that 58percentt of Canadians had savings in individual registered retirement savings plans last year.
Mark Garbin, a partner at Constellation Financial Management in New York, which finances Class B share commissions for fund distributors, said, "It's quite conceivable that a similar A share could have been worse".
To recoup the cost, the fund distributors charge investors higher annual fees than they do on Class A shares over the next eight years, after which Class B shares generally convert to Class A. Exit charges also recover the broker's commission if investors leave the fund during the first six years.
