Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Fundsters Pay Some RIAs to Sell Their Products Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, April 08, 2013

Fundsters Pay Some RIAs to Sell Their Products

News summary by MFWire's editors

Call it another version of pay to play.

Reuters reports that at least three wealth managing firms are "getting payments for investing their clients' money in certain mutual funds, a practice that even some of these firms say could create conflicts of interest."

The newswire notes that the RIAs are usually paid by clients with fees "tied to the growth or contraction of client assets, and not to specific products."

However, Fidelity and Schwab are reportedly paying these financial advisers as much as 25 basis points of the assets that their clients put into no-transaction-fee mutual funds, according to Reuters.

Read more here

Edited by: Tommy Fernandez


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use