If I'm planning on being a financial planner, how much commission should I charge for the funds I sell?

Let's take Janus Overseas, for example. The fund already charges a max load of 2% to my client, on top of the management fee of 0.89%.

And what about an even more aggressive fund like the Oppenheimer Gold & Special Mins A, which already charges a 5.75% load?

Thanks in advance!

This isn't something YOU get to decide-there are laws that tell you how much you can charge in a certain range

your example of Janus overseas is a no-load fund. If you are able to sell this fund(if you work for banks and some places you may use to clear your trades(pershing) might not let you do this fund) than you would sell A,B,or C shares and you would determine "what is in the best interest of the client" on how you got paid. Up front, back-end/high internal, or yearly.

Same would apply to oppenheimer gold and special mins. Most A shares are 4% up front, B-shares-nothing up front, but if you client gets out before 7 years it is a scaling back end fee, or C share, usually 1% a year you would get paid.

Also, you could "wrap" the assets and charge an overall fee(1-say 1.75%) to the account. Client would not pay up front commission, but be able to invest in the lower priced A share or even in some cases the D share(institutional share) which even has lower internal fees.

Remeber-how you get paid is DOING WHAT IS BEST FOR THE CLIENT. If the client/you want to trade often, then maybe a wrap program is best given the fact they aren't paying commissions/loads every time they went to buy and sell.

Also remember-you don't get to pick how much you want to charge. There are laws and requirements that allow you a certain range/guidleline to use. If you abuse this, the SEC can shut down your shop.

Hope this helps