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The wirehouse says it wants to simplify pricing for separately managed accounts and expand client choice.
June 23 -
Still, clients continue to invest their assets into the industry’s cheapest funds and are saving billions as a result.
June 17 -
The change is one of several made to the board’s disciplinary reporting process following a report by an independent task force that found “systemic, long-standing, governance-level weaknesses.”
May 29 -
The clearing and custody giant isn’t saying which company paid it a notable breakage fee this quarter.
April 23 -
One wealth manager expects his income to drop by at least $30,000 this year, according to a new Arizent survey. Technology usage is also soaring and some companies’ lack of preparedness is revealed.
March 24 -
To hear some regulators tell it, “commission” is code for churning — but the fee-based vogue gives rise to reverse charges, writes Mark Elzweig.
March 24Mark Elzweig Co. -
As a longtime proponent of flat fees, I see a lot of pain ahead for firms that rely solely on assets under management.
March 23Life Planning Partners -
Senior officials are growing wary of how firms are trying to recoup revenue amid the "race to zero" commissions.
March 12 -
Restoring fee-model disclosures to its website is just the first step in correcting the organization’s “monumental failure,” according to fiduciary watchdog Ron Rhoades.
March 9 -
The decision does not diminish the board's conviction that consumers have a right to know how they are paying for products and services, writes the former board chairwoman.
March 6