Variable product insurers and mutual fund companies have at times used creative means to pay for, or receive compensation from, financial firms they have relationships with, while not always revealing these arrangements to shareholders. Now that regulators are demanding these payments to be transparent, it remains to be seen to what extent matters might change – and if firms’ profitability will ultimately be affected..
On Revenue Sharing, Directed Brokerage Deals – More Disclosure is Coming
Steven D. McDonnell
