FranklinTempleton has done Trail Recovery Proceedings since 2012No. of comments:3 Subramanium Iyer, Chennai, 67453 On 19-Jun-2016Franklin Templeton has made the Mutual Fund Advisors pay up for their US Elections kitty due in November 2016 by this letter
Every IFA need chek with your Commission statement for May 2016
Due to a technical issue, this additional 0.25% Family solution trail was inadvertently paid for SIP registrations Post September 2012 i.e, From October 2012 to till March 2016..
The excess commission paid due to the above mentioned issue has been adjusted against the May’16 commission paid in June 2016. Transaction level details of recovery have been included along with the commission statement with ‘FS additional Trail Recovery’.
The additional trail of 0.25% was to be paid for all FS SIP installments registered during the above said period.
We regret for the inconvenience caused to you in this regard.