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Wealth Professional | 02 Apr 2015, 09:14 AM Agree 0
It’s an odd position for a staunch fee-based advisor to take, but one player is arguing against the need for a ban on embedded commissions – that’s if regulators make a key change.
  • Kathy Waite Your Net Worth Manager | 02 Apr 2015, 10:42 AM Agree 0
    There should be disclosure of different models and advisors explain why they use their chosen model and why its best for that client.
    I agree with Jasons comment "It’s $1,000 either way! The only time the client would and should protest this is if they don’t know that they are paying anything at all.”

    here lies my gripe most clients don't think they are paying anything. I have been specifically told that when they ask at the bank they are told there is no fee .
  • Will Ashworth | 06 Apr 2015, 03:32 PM Agree 0
    Kathy, you are right that true disclosure should be for everyone including the banks. CRM2 appears to only go part way.
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