LPL Financial shut down its registered investment advisor which targeted middle class America because the company did not meet expectations for growth. I guess LPL realized that it is more profitable to push commissioned based products rather then provide objective fiduciary advice
Read MoreA mutual fund owns shares in stocks (hundreds and sometimes even thousands of different stocks). You, as the investor, can own shares in the mutual fund which means you own a small percentage of all the stocks that the mutual fund owns. A, B, and C, are different types of share classes. The difference between these share classes are the fees that the investor pays to purchase the investment.
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