TY - JOUR T1 - The “Many Faces” of Mutual Fund Revenue Sharing JF - The Journal of Index Investing SP - 59 LP - 72 DO - 10.3905/jii.2014.5.3.059 VL - 5 IS - 3 AU - John A. Haslem Y1 - 2014/11/30 UR - https://pm-research.com/content/5/3/59.abstract N2 - The objective of this study is to take some of the mystery out of mutual fund revenue sharing, but without saying that investors have transparent disclosure. Topics begin with the transition from directed brokerage to revenue sharing. The discussions that follow include directed brokerage and revenue sharing, replacing 12b-1 fees, defensive 12b-1 fees, distribution with a difference, revenue sharing nuances, types of revenue sharing, revenue sharing summary, disclosure issues, revenue sharing and 401(k) plans, pension plan subtransfer agency fees, Schwab revenue sharing, SEC versus Edward D. Jones, and Morgan Stanley distribution fees. It appears that most in the world of regulation and practice of revenue sharing lack clarity, consistency, proper redress, and investor transparency, such as the so-called direct distribution of revenue sharing payments from mutual fund adviser profits.TOPICS: Mutual fund performance, exchanges/markets/clearinghouses ER -