Compensation and Fees
What leading financial advisors, experts and firms are saying about compensation and fees for registered representatives (both independent and employee) and registered investment advisors.
Wells Fargo Fined $185M for Opening Secret Unauthorized Accounts
By Emily ZulzThe CFPB also ordered Wells Fargo to refund fees and charges that were paid because of these unauthorized accounts.
August 26, 2016
AXA US wins fee litigation in NJ courtIn a lengthy 159-page opinion, Judge Peter G. Sheridan detailed the courts decision that plaintiffs had failed to meet the burden of proving their case.
August 26, 2016
AXA US wins fee litigation in NJ courtIn a lengthy 159-page opinion, Judge Peter G. Sheridan detailed the courts decision that plaintiffs had failed to meet the burden of proving their case.
August 05, 2016
Worry Over 401(k) Fees Rises as Lawsuits IncreaseRetirement plan advisors find themselves in a litigious environment as the number of lawsuits filed and settlements made regarding 401(k) plans increases.
July 29, 2016
It’s Not Just Fees That Hurt Performance of Active ManagementS&P Dow Jones Indices reports that most retail mutual funds underperform their benchmarks even before fees are calculated.
July 29, 2016
Cash-Hoarding Clients Hurt UBS in Q2But UBS' performance beat expectations and the U.S. wealth unit had a strong quarter, CEO Sergio Ermotti said.
July 25, 2016
How to Comply With IRA Comp Rules Under DOL FiduciaryAdvisors beware: Its a prohibited transaction for tax-qualified, ERISA-governed retirement plans, including IRAs, to pay more than reasonable compensation to the plans service providers.
July 21, 2016
Anthem-Cigna and Aetna-Humana breakup provisions, dissectedOne deal includes a $1.85 billion termination fee; the other, a $1 billion termination fee.