Does MMPW utilize proprietary mutual funds in the portfolios under its investment management?
No. MMPW does not serve as investment adviser to any mutual funds, so it does not receive investment advisory fees from any mutual fund. In addition, the Firm does not receive any 12(b)(1) fees from mutual funds; nor does the Firm receive any fees from mutual funds pursuant to any revenue sharing arrangement. Mutual funds used by MMPW in the investment management of its clients’ portfolios are selected strictly on their merits pursuant to the Firm’s mutual fund selection process.
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