New laws allowing for common trust funds to be converted into mutual funds have given bankers a new issue to grapple with: What should they charge trust customers whose funds have been converted?

If trust clients must begin paying mutual fund management fees, should they be charged lower trust account fees to balance things out? Or should they continue paying the same trust fees, even as they shell out money for their new mutual fund assets?

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.