Sentences with phrase «use fee levelization»

Managed accounts, which typically include discretionary investment advice and therefore could not qualify for exemptive relief using a BIC, could use fee levelization for commission - based products and BICs for programs featuring nondiscretionary advice, according to Wagner.

Not exact matches

In fact, firms may wish to explore using a combination of the BIC Exemption and fee levelization as a compliance strategy for their managed account programs.

For example, the BIC Exemption may be utilized for programs that feature non-discretionary advice, and fee levelization may be used for programs that feature discretionary advice.