JOH Posted October 16, 2020 Posted October 16, 2020 Wanted to see how others are handling this. Client is invested in Mutual Funds (A Shares) in their Qualified Plan. They take a loan for $20,000 and start making repayments on the loan. The repayments are reinvested into the A shares but they are being assessed the Sales charges associated with A shares. Do others follow this process or do you not charge the Sales charges associated with A Shares?
Bird Posted October 19, 2020 Posted October 19, 2020 Well first of all it's pretty rare to see A shares in plans any more. There are potential issues with that that I'll leave alone. Most, or at least some, investment companies will waive sales charges on money coming back in, at least for 12 months. Are they aware this is money that was removed and is being put back? Or did I misunderstand something? When you ask "...do you not charge..." what did you mean by that? Ed Snyder
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