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Advisor Fees

BY NAPA Net Staff | 2/26/2018
How do advisors and their financial institutions determine the reasonableness of their fees?In a recent blog post, noted ERISA attorney Fred Reish explored that issue – starting with the definition... Read More
BY NAPA Net Staff | 2/5/2018
The number of plan sponsors calculating and benchmarking fees in the past 12 months has increased – but is it having an impact?The number of plan sponsors that calculated their DC plan fees within... Read More
BY Ted Godbout | 2/2/2018
New survey results from TD Ameritrade suggest that three-quarters of Americans are in the dark when it comes to 401(k) fees.The survey of more than 1,000 investors finds that the vast majority of... Read More
BY Ted Godbout | 12/29/2017
While stated fees have remained stable, RIAs appear to be increasingly discounting their fees and are formally unbundling their fee structures in response to a changing wealth management landscape... Read More
BY David Levine | 12/7/2017
Today, retirement advisers face the never-ending worry of commoditization.Recently, this reality hit home for me. An outstanding retirement adviser who had bent over backwards for her client — often... Read More
BY Ted Godbout | 7/7/2017
While the most commonly used advisor compensation method remained flat basis points, more plans are electing a tiered method, according to a new report by Ascensus.The report, “Inside America’s... Read More
BY Ted Godbout | 6/5/2017
While fee compression is a concern for many broker-dealers and advisors, the more they can demonstrate the value they provide to clients, the less likely they will feel pressured to lower their fees... Read More
BY NAPA Net Staff | 3/17/2017
Fee compression is driving growth in passive strategies – but a new survey finds opportunity in the trend, even for active managers.The survey, which is the product of a partnership between Cerulli... Read More
BY NAPA Net Staff | 12/27/2016
Having squared away the three meanings (past/present and future) of “level-fee fiduciary,” noted ERISA attorney Fred Reish looks at the kinds of payments or benefits that will “un-levelize” a level-... Read More
BY NAPA Net Staff | 12/19/2016
The label “Level Fee Fiduciary” has been used for many years with one meaning, but the Best Interest Contract (BIC) Exemption has used it for a different purpose and, depending on your reading, a... Read More
BY NAPA Net Staff | 12/2/2016
Another broker-dealer has opted to retain commission-based retirement accounts under the DOL fiduciary rule.According to a report in FinancialPlanning citing a company memo sent to advisers, Wells... Read More
BY NAPA Net Staff | 11/17/2016
What’s in your wallet? Not commissions on advising retirement accounts if you work for Capital One Investing.The online and retail brokerage arm of Capital One Financial has announced its decision to... Read More
BY NAPA Net Staff | 11/9/2016
Even as the industry takes stock of what President-elect Trump might do to the Labor Department’s fiduciary regulation, another firm says it will stop offering commission-paying retirement accounts.... Read More
BY Fred Barstein | 11/7/2016
More and more plan sponsors are talking about paying their DC providers like record keepers and advisors through a flat fee arrangement rather than asset based. The DOL conflict-of-interest rule will... Read More
BY NAPA Net Staff | 11/2/2016
Another broker-dealer has decided to continue supporting both fee-based and commission-based retirement accounts.The latest is Cambridge Investment Group, Inc., which says it is in the final stages... Read More
BY NAPA Net Staff | 11/1/2016
Citing a desire to support “flexibility and choice” for investors working with their financial advisors, Cetera Financial says it will continue to support the use of commissions after the Labor... Read More
BY NAPA Net Staff | 10/28/2016
Add Raymond James to the list of broker-dealers that will continue to support the use of commissions in servicing retirement accounts.According to InvestmentNews, CEO Paul Reilly announced during an... Read More
BY NAPA Net Staff | 10/27/2016
If neutral factors are used to determine the relationship of compensation between different categories of investments and services, how is the compensation determined?In a recent blog post, ERISA... Read More
BY NAPA Net Staff | 10/26/2016
The Labor Department’s fiduciary rule has led another major broker-dealer/RIA to stop offering commission-based products in retirement accounts.Commonwealth Financial Network has announced that in... Read More
BY NAPA Net Staff | 9/8/2016
As advisers who work with ERISA-governed retirement plans already know, an adviser’s compensation cannot be more than a reasonable amount. How might that change under the new fiduciary regulation?For... Read More
BY John Iekel | 6/22/2016
There are plenty of financial pressures on DC plans, providers and sponsors. Not to mention the importance clients place on fees when considering whether to drop an investment manager. In a June 20... Read More
BY Fred Barstein | 6/14/2016
In a sense, the retirement industry is going through a negative zero sum game, which will only get more difficult with the DOL’s conflict-of-interest rule. Who are the winners and losers?In a zero... Read More
BY Fred Barstein | 5/25/2016
Whether advisors like it or not (and perhaps due to their own efforts), fees are becoming a top priority for 401(k) plan sponsors, according to the 2016 Cogent Retirement Planscape study. Polling... Read More
BY John Ortman | 4/18/2016
While advisor fees have gotten a lot more “reasonable” – meaning lower – in recent years, greater litigation risks resulting from the DOL's final fiduciary rule may create a counterweight, exerting... Read More
BY Fred Barstein | 3/24/2016
Many benefit brokers, CPAs and even attorneys also receive referral fees, with some “accommodating” BDs set up just to help these unlicensed professionals get paid. But will these fees survive... Read More