SEATTLE — A wirehouse, two of the largest independent broker-dealer networks and one of the biggest IBDs have agreed to provide simplified fee tables to clients, more than doubling the number of firms that will be using the standardized disclosure format.
Merrill Lynch, Cetera Financial Group, Ladenburg Thalmann and Voya Financial Advisors signed on to the North American Securities Administrators Association’s model fee disclosure schedule, NASAA announced this week. The 14 firms covered by the announcement will bring the total number of firms giving clients the standardized list of expenses to 27.
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