Group will work with industry and FINRA to achieve more meaningful disclosure of broker-dealer fees
Disclosure has always been critical in building trust
Firms must reveal their fund charges clearly and consistently to retail investors
With CRM 2 on the horizon, advisors should make sure clients know the value of the advice they receive
Report raises concerns about broker-dealer fee practices
Regulators in Australia, the U.K. and other countries have taken steps to move financial advisors toward fee-based compensation models. Although Canadian regulators are hesitant, the global trend could come our way next
Communicate with clients to ensure you are transparent and have encouraged them to make choices that are in their best interests
Proposals are intended to ensure that the commissions investment managers pay for executing trades are fairer and more transparent
UK regulator finds evidence some firms undermining rules to eliminate commission bias
Advisors re-entering the market in the wake of Retail Distribution Review