Life as a fund firm is never easy, but it recently got harder.
MFWire has confirmed with a number of fund industry sources that
Wells Fargo now requires fund firms to pay a minimum of $250,000 in fees for access to the company's fund platform.
The minimum, sort of like a fund firm co-pay for being on the platform, would be the very least a fund firm would pay to do business on the platform.
This isn't the first time a platform has made life hard for fund firms.
Morgan Stanley apparently unveiled the same $250,000 minimum a year ago and
TD Ameritrade raised its fees recently as well. 
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