Generally speaking, 529 college savings programs are either direct-sold through state-sponsored investment providers or sold by advisers with a broker/dealer (B/D), who earn a commission on either an A- or a C-share
, says Glenn Sulzer, senior analyst with Wolters Kluwer Legal & Regulatory U.S.
Civitas said the investments were funded from the company's cash resources through the recently issued C-Share
I used a load-waived version of the fund and added a 1 percent fee for the financial advisor (a commission-based C-share
; had there been C shares in 1987, would have produced similar results).
The deal includes also a paid subscription share relating to a C-share
, the bank said.
These two parts combined provide funding for 1.00% annual C-share
Global Banking News-23 April 2008-HSBC Infrastructure launches C-share
issue(C)2008 ENPublishing - http://www.enpublishing.co.uk
The A- and C-share
structures represent fewer than one in 10 VAs sold.
"Some companies have had to close their fixed accounts in certain products, particularly in C-share
contracts, in which there is no surrender charge," she said.
Another share class trend observed this year involves the C-share
The acquisition also includes a so-called interim share, designated by Euroclear Sweden AB as a 'paid sub-scription share' (Swedish BTA) relating to a C-share
Though the M&E was 1.65%, we contrasted the VA with A-, B- and C-share
mutual funds and to a managed money model to somewhat level the playing field.