It seems contradictory to ask for both the retention of embedded fees and higher standards for financial advisors
To protect clients, Advocis supports a new professional accreditation for financial advisors. Failure to do so will leave regulatory gaps.
Transparency issues are being addressed by CRM2
A recent report finds most people prefer the commission model
Where are the safeguards to ensure fee-based advisors aren’t collecting a fee for doing nothing?
Gross is not saying that advice shouldn't be paid for; he is only saying that the investment advice that investors receive should be unbiased of sales incentives
Greg Pollock’s rebuttal to Neil Gross is bang-on. It gives hope to many hard-working advisors preparing to leave the industry
Both Pollock and Archibald gloss over the pre-eminent concern in this discussion: that embedded compensation unequivocally causes bias
No one is suggesting that investors be forced to pay commissions — simply that they should have a choice in the matter
OLHI finds that non-binding recommendations are effective
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