Link Title: Mutual Fund Omnibus and Networking Fees
Anchor ID: mfnfr
BB&T Securities receives payments from mutual funds or their affiliated service providers for providing certain recordkeeping and related services to the funds. BB&T Securities processes some mutual fund business with fund families on an omnibus basis, which means clients' trades are consolidated into one daily trade with the fund. We receive omnibus fee payments as compensation for the services we provide when trading mutual funds on an omnibus basis. We trade other fund families on a networked basis, which means we submit a separate trade for each individual client and may receive networking fee payments for each client mutual fund position we hold with the fund.