CDM Retirement Consultants Offers Fee Transparency Tools for Advisers

With the Level Compensation Program, advisers are able to choose from a menu of fund families/share classes that offer either 25 or 50 basis points, across the board, as 12b-1 compensation, of which the adviser gets 100% of the compensation.

Other benefits of the compensation program include:

• Revenue sharing amounts paid to CDM are credited against administration and record keeping charges, and excess amounts are credited back to the plan;
• Fund flexibility and the lack of any proprietary requirement, allow for the development of a competitive menu fund options within a plan.
• The plan sponsor is able to manage fiduciary responsibility by determining and justifying adviser compensation.

According to the release, the CDM Fee-Based Program offers:

• Flexibility through an open architecture fund and share class selection;
• Excessive revenue sharing and 12b-1 amounts are credited back to the plan;
• Easier management of expenses through fund and share class flexibility;
• The independence to act in any consultative capacity agreed to with the plan sponsor.
• Flexibility through open architecture fund and share class selection.
• Excess revenue sharing and 12b-1 amounts are credited back to the plan.
• Easier management of expenses through fund and share class flexibility.

More information about both new CDM Programs, including pricing and available fund selections, is available here