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.
The real issue with 401(k) fees
By Chris CarosaFor all the talk of theories, benchmarks and finger-pointing, basic math reveals the real issue with 401(k) fees and why its so hard to do anything about it.
July 26, 2013
It’s time to reboot 408(b)(2)Its not that the 401(k) fee disclosure rule is a bad rule, it just needs a little simplicity.
July 26, 2013
It’s time to reboot 408(b)(2)Its not that the 401(k) fee disclosure rule is a bad rule, it just needs a little simplicity.
July 19, 2013
Preparing clients for DOL auditsThe number of DOL audits is on the rise and financial professional compensation is a big focus.
July 19, 2013
FINRA Tells BDs to Stop Pitching ‘Free’ IRAsSome brokers are using overly broad language in sales materials, implying that there are no fees charged to investors, FINRA says.
July 17, 2013
BofA Boosts Profits 63% as Merrill Advisors Top $1M in ProductionAs the bank cut costs, its wealth management unit improved net income 38% to $758 million.
July 15, 2013
The Strange Case of CFP Board’s Alan GoldfarbAfter a sudden resignation last fall, Alan Goldfarb has been found to have violated the CFP Board's Rules of Conduct. Yet the details of the case suggest that the matter was not as clear as the initially reported findings suggested.
July 01, 2013
Follow the Money in Succession PlanningYou might think that financial advisors are financially savvy, and when it comes to personal finance, they usually are.