B shares are the best way to go.

+1 on the B shares, best of both worlds.

It is scary that you have the ability to sell something that you know nothing about!! 

Run Hypos on all classes then let them tell you what they want to buy. Compliance will love you for it.

Stok

Why does my OSJ say not to sell B shares?  Hypos is a good idea, thanks Stok.   Oh...I am Legend...go f#*k yourself.  I know how to set up a client and the charges, I was wondering how I get paid.  And I was looking for a good example to discuss fees with the clients thats it.  You have nothing good to say, keep your trap shut. 

Wow, you don’t know how you get paid on C shares. Really???

If you buy the A share, I eat steak tonight but may starve tomorrow.  If you buy the C share, I eat bologna for as long as you own the fund.

My OSJ tells me nothing business horn, so far I have only sold A's I understand the 5.75 sales charge and all that.  Its just the higher 12b-1 on C's right? And maybe 1% back end if sold before a year?   

1% back if you sell and take the money out of the fund family within a year. You can sell and move the money to the fund family money market.

I Am Legend is right - no disrespect - but how can you not know the difference between A and C? How can you not know how you get paid?

My firm requires a disclosure to be signed that is attached to the FINRA Mutual Fund analyzer.  This shows the client the difference in sales charges and fund expenses over time between A and C share classes.  We are not permitted to sell B shares at all, and we are not permitted to sell an C share over $50,000, even if the client agrees to the disclosure.   A shares and managed money are the lay of the land. 

I know this doesn't directly answer your question Multifun, but I thought a little perspective on other programs might be useful.  I work in a bank program.

[quote=Multifun]

Why does my OSJ say not to sell B shares?  Hypos is a good idea, thanks Stok.   Oh...I am Legend...go f#*k yourself.  I know how to set up a client and the charges, I was wondering how I get paid.  And I was looking for a good example to discuss fees with the clients thats it.  You have nothing good to say, keep your trap shut. 

[/quote]

If you know so much, why are you asking on here?

C shares are a pay as you go strategy if the client wants the flexibility to have several fund families.  Normally, you get 1% upfront and a 1% trail except some bond funds and a few balanced funds pay .65% or .75% trail.  The trail starts in month 13.  Really in the current environment you are better off going into fee based rather than C shares if the client will due to the uncertainty of the c share trails going forward.

B shares you basically can't do anymore.

A shares are appropriate for someone younger who doesn't mind paying something upfront for lower underlying expenses, but they are limited to the fund choices of that fund family.  A you get paid more upfront and C and fee you get paid more over the long run. 

Thanks Ice and enigma, that's very useful.  I don't get upset over those other d-bags. They just hide behind a screen name and think their hot sh*t, it's actually pretty funny.  Thanks again for the info and perspective.

Are you as gay as your picture??

MF, I hope you found what you were looking for

Me too.  I was just welcoming you to the forum by preparing you for reality on here.

LOL Legend.....been on forums before and I know what they are all about.  I know you get people like yourself hiding behind a screen name talking all tough, it's pretty funny to read.  I put up the picture for a little humor and it clearly went over your head...I'm sure your a good dude, you just come off sounding like a duche bag.  Thanks for the reality check.

You're going to be a huge success in this business, Multifun

WTF?  Do people not take the Series 7 anymore? 

Most firms don't allow, or are moving away from B shares, so disregard the guys messing with you above.  Looks like you've got the information above to understand the difference.  I would read the page in the prospectus that talks about fees.  It really is just a page or 2, and you'll understand exactly what you are selling.  As far as getting paid on C shares, it is essentially 1% up front to your grid, and multiply by your payout.  After year one, you'll likely get .25% to your grid quarterly.