Royal Mutual Funds Inc. is introducing F-Series versions of more than 30 of its most popular mutual funds. Royal says new funds will be attractive to those advisors using fee-based accounts, as they are eligible for inclusion in client portfolios where a separate fee is paid by the client.

“The popularity of our funds has always extended beyond Royal Bank of Canada branch customers,” said George Lewis, president and CEO, Royal Mutual Funds Inc.

“We are now offering a compensation model that is more attractive to the increasing number of investment advisors of full service brokerage firms and independent financial planners using fee-based accounts. Now, this makes it even easier for Canadians to ask their advisor to include Royal Mutual Funds in their portfolio,” he added.

In a fee-based account, the advisor charges a fee to the client directly for advice and service and can therefore include F-Series funds in client accounts, which involve no sales commissions or trailer fees paid to the advisor by the fund company. This results in a lower management expense ratio charged by the fund company.