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CMFASPrepStudyingRES5
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Financial advisory
RES5Financial Advisory Services✓Which statement about a trailer fee (trail / retrocession) is correct?
A trailer fee is paid from the manager's existing management fee to the distributor for keeping the client invested — a split of an existing fee, not an extra charge, but a conflict-of-interest concern.
Believing the trailer is an additional charge on top of the TER rather than a split of the management fee.
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