ICA launches FundSelect

Investors Capital Advisory Services of Lynnfield, Mass. has released a new mutual fund wrap program named FundSelect. The program includes a low-cost/no-cost feature that allows advisers and investors to buy, sell or trade more than 2,500 mutual funds without regular transaction fees. FundSelect charges no fees for transactions totaling $250,000 or more, lowering expenses and broadening the program’s appeal to advisers, as well as their clients. The funds traded through the program are provided through Pershing LLC of Jersey City, N.J. A few of the mutual funds offered through the program are BlackRock, AIM, American Century, Franklin Templeton and Columbia.