Updated Friday, July 31, 2015 as of 3:28 PM ET

Courts Say You Can Charge Higher Fees, But It Still May Not Be Wise

Both advisors and individual investors in mutual funds claimed some measure of victory in the U.S. Supreme Court's decision last month of Jones v. Harris. That case essentially upholds the 1982 Gartenberg standard, requiring that fees charged by advisors reasonably reflect the services that they provide.

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