Investors want to see improved disclosure
The Investment Association has published a discussion paper on the disclosure of fees
Miscellaneous fees charged by some brokerage firms can have a “significant” impact on returns
Changes will not impact cost to the investor
Certain words make clients suspicious
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