[Series 66] 11, Mutual Funds Share Classes and Fees

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:

• Differences between Class A, Class B, and Class C mutual fund share classes.

• How Letter of Intent (LOI) and Rights of Accumulation (ROA) help investors achieve breakpoints.

• Eligible related parties for combining account balances under mutual fund breakpoint rules.

• Why siblings and adult relatives are excluded from breakpoint account aggregation.

• Key suitability decision rules for recommending share classes on the Series 66 exam.

Prepare for the Series 66 exam with interactive tools and question banks at https://open-exam-prep.com/practice/series66 and watch video tutorials on YouTube at https://www.youtube.com/@Open-exam-prep .

Sources checked: September 14, 2026

• https://www.finra.org/registration-exams-ce/qualification-exams/series66

• https://www.finra.org/investors/investing/investment-products/mutual-funds/breakpoints

• https://www.nasaa.org/wp-content/uploads/2023/02/Series-66-Outline-June-2023.pdf