{"id":258069,"date":"2017-09-27T14:00:00","date_gmt":"2017-09-27T19:00:00","guid":{"rendered":"https:\/\/www.investmentexecutive.com\/uncategorized\/nasaa-reports-growing-use-of-model-fee-disclosure\/"},"modified":"2019-09-02T07:45:47","modified_gmt":"2019-09-02T11:45:47","slug":"nasaa-reports-growing-use-of-model-fee-disclosure","status":"publish","type":"post","link":"https:\/\/www.investmentexecutive.com\/news\/from-the-regulators\/nasaa-reports-growing-use-of-model-fee-disclosure\/","title":{"rendered":"NASAA reports growing use of model fee disclosure"},"content":{"rendered":"<p> U.S. brokerage firms are increasingly adopting an approach to fee disclosure proposed by the North American Securities Administrators Association (NASAA), in an effort to improve disclosure to clients.<\/p>\n<p> NASAA announced Tueday that 14 U.S. broker-dealers are now using a fee schedule based on a model developed to enhance disclosure to investors by NASAA&#8217;s Model Fee Disclosure Working Group. In total, 27 firms have adopted fee schedules that are based on NASAA&#8217;s model.<\/p>\n<p> The model disclosure is designed to help investors better understand and compare brokers&#8217; account and service fees. It also provides guidance to make fee disclosure accessible and transparent.<\/p>\n<p> &#8220;We are pleased to see the growing acceptance and use of the NASAA Model Fee Disclosure Schedule and I look forward to working with SIFMA, the FSI, and members of the securities industry to gain even wider use of the model next year,&#8221; says Joseph Borg, NASAA president and Alabama Securities Commission director, in a statement.<\/p>\n<p> &#8220;All firms that have taken this important step to help bring uniformity to the disclosure of broker-dealer service and maintenance-related fees are commended and others are encouraged to match this level of disclosure for their clients,&#8221; Borg adds. &#8220;Through this collaborative initiative, industry and state securities regulators are increasing the transparency of fee disclosure for investors.&#8221;<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The model disclosure is designed to help investors better understand and compare brokers\u2019 account and service fees<\/p>\n","protected":false},"author":38954,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2312,2324],"tags":[2325,2326],"yst_prominent_words":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/258069"}],"collection":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/users\/38954"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/comments?post=258069"}],"version-history":[{"count":1,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/258069\/revisions"}],"predecessor-version":[{"id":360631,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/258069\/revisions\/360631"}],"wp:attachment":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media?parent=258069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/categories?post=258069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/tags?post=258069"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=258069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}