(May 26 – 11:40 ET) – Effective July 1, Spectrum United will be changing the commission structure for new sales under the Deferred Sales Charge option to 5% on equity funds, and 4% on income funds. Spectrum United will also be reinstating trailing commissions on income funds.

No change has been made to sales commissions on front-end units. These moves will put Spectrum United’s commissions back in line with its major competitors. Advisors told the company they prefer to sell Spectrum United funds on a level playing field with other fund companies.
-IE Staff