With great difficulty, after many years of obfuscation (translation: stonewalling, wailing and gnashing of teeth) from the financial industry, regulators are just now forcing partial
investment fee disclosure in annual investor statements.
Not exact matches
David R. Kotok, Chairman & Chief
Investment Officer for Cumberland Advisors, sits down with Asset TV to discuss the Department of Labor's potential rules change to fiduciary responsibilities and how it would affect the
disclosure of «pay to play»
fees.
Since plan participants can not change record keepers or even advisors on the plan, FeeX focuses on
investment fees — which might be easier to discover with the advent of 408 (b)(2) and 404 (a)(5)
disclosures.
You can compare
fees on the
investment options in your 401 (k)(and get info on administrative and other plan
fees) by checking out the annual
disclosure the Department of Labor requires plan sponsors provide plan participants.
Form ADV Part 2 acts as a
disclosure document for clients of the business and includes information such as advisory services offered, advisor's
fee schedule, whether the
investment advisor acts as a broker - dealer and transacts securities, disciplinary information, and conflicts of interest.
CRM2 was a significant step toward
fee transparency, but because it doesn't require
disclosure of all costs associated with
investments,
investment advocates say that Canadian investors still have an incomplete awareness of the costs they pay.
Investment companies are required to provide full
disclosure of all
fees charged by a registered mutual fund offering.
Annual Disclosure Notice Brokerage and
Investment Advisory Services Cash Management Awards Points Program Rules Consolidated Report Disclosure Electronic Funds Transfer Services and Cash Management Program Debit Card IRA Clients — Notice of Approval International
Disclosures Margin Account Facts and
Disclosures Options Level Descriptions for Accounts at Baird Private
Investment Management (Commission - Based Pricing) Disclosure Routing of Equity Orders Safety of Client Assets Schedule of
Fees and Services Charges
They will introduce new reporting requirements for
investment advisers when it comes to the
disclosure of
fees and the performance of their
investments.
Read the product
disclosure statement (PDS) for each
investment product and make sure you understand the product's key features,
fees, commissions, benefits and risks.
This is achieved by guidelines,
investment criteria, wise
investment choices and full
fee disclosure.
After the Labor Department finalized the rule earlier this year, Moody's warned of problems for Fidelity, Franklin Resources, Invesco, and Janus, saying in a report that
disclosures would «put downward pressure on
fees and may prompt retirement plan sponsors to opt for lower - cost
investment products, including greater use of index funds.»
Failure on the part of the franchisor to comply with
disclosure obligations provides the franchisee with an extraordinary remedy — it allows a franchisee to rescind the contract within two years and to obtain the return of its
investment in franchise
fees, inventory and equipment costs.
Inadequate
disclosure entitles a franchisee to rescind the franchise agreement within two years and to extensive damages, including the return of its
investment in franchise
fees, inventory and equipment costs, as well as compensation for any losses incurred by it in acquiring, setting up and operating the franchise business.
Represented
investment adviser and CEO of a private equity firm in connection with an SEC investigative subpoena concerning fraudulently charging investors
fees without proper
disclosure.
Although most states have adopted model
disclosure regulations promoted by the National Association of Insurance Commissioners, no state or federal agency requires them to mention such basics as
investment - management
fees, rate of return, and (with the exception of New York) sales commissions.