No. of Recommendations: 3

I have been emailing Scottrade this weekend. There will be two groups of mutual funds, one will continue not having any fee unless you use a broker. The email I got said that this list would not be available until January, but there seems to be list on Morningstar.

Companies not on the above list will have the $17 transaction fee. My mutual funds are in Vanguard and T. Rowe Price and those two companies are not on the list on Morningstar. The fee will also apply to mutual funds held in IRA accounts.

And you are right, you can not find out anything by looking at their website. I suggest anyone even vaguely interested in this matter should email and ask for specifics. Even if you are not interested, email them anyway ;-) They really need to know they aren't handling this well.

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