While Merrill Lynch's (MER) days as an independent business may be over now that it's merging into Bank of America (BAC - Get Report), the company's brokerage division remains an important force in mutual funds.In recent years, Merrill has made sweeping changes that are resulting in stronger fund sales and reduced costs for fund shareholders. After the financial crisis ends, Merrill and other brokers should continue leading the move toward lower fund expense ratios.
Mutual Funds: The Case of Merrill Lynch
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