| Description |
Carter works for Invest Today, a local asset management firm. A broker that
provides Carter with proprietary research through client brokerage arrangements
is offering a new trading ser vice. The broker is offering low-fee, execution-only
trades to complement its traditional full-service execution-and-research trades.
To entice Carter and other asset managers to send additional business its way, the
broker will apply the commissions paid on the new ser vice toward satisfying the
brokerage commitment of the prior full-service arrangements. Carter has always
been satisfied with the execution provided on the full-service trades , and the fees
of the new low-fee trades are comparable to those of other brokers currently used
for the accounts that prohibit soft dollar arrangements. |