Clients need to know how you're being paid, so don't put off the discussion
"Clients understand dollars. They don't always get basis points"
UK regulator concerned that firms are working out deals that could effectively bias advice to investors
Consumer advocate says the changes will drive greater transparency for consumers and, in the longer term, encourage competition
FSA is proposing a ban on all payments from product providers to platforms
Disclosure proposals require dealers to show clients annually what advisors are paid for products and services
Many countries are moving to abolish commissions, and Canadian regulators could do the same
Growth in the Canadian market has outpaced the corresponding U.S. market
Address this issue, before the client does. Consider these suggestions from Dan Hallett to reduce client portfolio costs - without taking a big pay cut.
25% of firms will see a decrease and 37% will see an increase in fees under the new dealer regulation model