Startup FeeX aims to provide U.S. retail investors with greater transparency on fees
Panel to examine the evolution of investment products and how they are sold
Nevertheless, investors are confused about their investment performance and the fees their advisors and firms charge for investment advice
Research finds investors are often confused about brokerage service and maintenance fees
Investors want to see improved disclosure
The Investment Association has published a discussion paper on the disclosure of fees
Miscellaneous fees charged by some brokerage firms can have a “significant” impact on returns
Changes will not impact cost to the investor
Certain words make clients suspicious
Group will work with industry and FINRA to achieve more meaningful disclosure of broker-dealer fees