The firm is also lowering the management fees of Franklin Quotential Balanced Growth Portfolio and Franklin Quotential Balanced Growth Corporate Class Portfolio
Three Symmetry Portfolio products will see a decrease to their fees and compensation while 20 funds will have no changes to their fees and an increase to their compensation
The firm is also consolidating various series available to high net-worth clients due to duplication resulting from the fee changes
The MER for the funds have been reduced between five to 40 basis points, but there will be no changes made to the fixed administration fee
Fees on no-load funds will be reduced
The firm is lowering management fees on 35 funds, eliminating certain series and reducing the minimum investment for other series
The company’s proposed new ‘Simplicity Pricing’ program recognizes higher levels of client investment with a flat fee
Fixed administration fee model to replace operating expenses
The firm is reducing fees on six funds and eliminating Series AN and Series FN of four funds
Management fees will be reduced on certain funds on July 15