4-62 Soft dollars is a term often used in reference to the portion of a fee or commission that is allocated to

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Soft dollars are a form of payment received by brokers, dealers, and investment advisors that can be used to pay for research and other advisory services provided to clients. Therefore, the portion of a fee or commission that is allocated to research and other advisory services is typically referred to as soft dollars. The other choices do not accurately describe the use of soft dollars.

4-62 Soft Dollars Is a Term Often Used in Reference