Time To Take A Load Off?

When financial planner William S. Young started selling mutual funds back in 1978, nearly all the funds he sold to clients came with a steep 8.5% up-front commission, or "load." Sure, loads have since come down. "But there was less resistance to an 8.5% load then than a 4.5% load now," sighs Young of First Financial Group in Baltimore. "People just don't like paying loads."

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