How do your fee practices rate?
Advisers with retirement plan sponsor clients have total assets under management (AUM) more than 40% higher than their peers, according to Cogent Research.
Morgan Stanley Smith Barney (MSSB) pumped up its recruiting package in order to attract top producers, Dow Jones reported.
Nearly half (49%) of 63 surveyed CFOs at financial services firms said their companies are reducing employee bonuses in the next six months, according to Grant Thornton LLP.
Every time I turn around lately, it seems there is another news alert in my inbox about 401(k) fees, whether it is some progress being made in Congress on the fee disclosure bill(s), a new lawsuit over plan fees, or some mainstream media report about how much you are “really” paying in your 401(k).
Figuring out how much to charge and knowing whether it’s reasonable
Citi announced that financial advisers at Citibank branches will no longer provide commission-based transactions.
MFS Investment Management has introduced Advanced (k), a program designed to help retirement platform wholesalers and retirement advisers expand their retirement plan practice.
Advisers, particularly in the wirehouse channel, have seen cutbacks in support and compensation in the last year, according to a report from the Financial Research Corporation (FRC).
New York Attorney General Andrew Cuomo’s office is again requesting information from Bank of America (BofA) as part of an ongoing investigation into its January 1 acquisition of Merrill Lynch.
The Investment Company Institute (ICI) is pushing the U.S. Supreme Court to stick with the established legal framework when evaluating claims that a mutual fund’s investment adviser has received excessive compensation.
The Securities and Exchange Commission (SEC) has encouraged broker/dealer (B/D) bosses to rein in their reps.
Next week PLANSPONSOR and PLANADVISER will open nominations for our Retirement Plan Adviser of the Year awards.