Andy Rachleff, Guest Columnist

Andy,

Could you publish your fund cost research so the free market can drive assets to funds that are the best stewards of the consumer’s investment capital? Perhaps you can award stewardship ratings and charge firms for an evaluation to fund your research. Creates a very constructive way to reward firms who do the right thing when no one is looking.

SCW

Our fee analysis can be found at https://www.kaching.com/site/mutual-fund-fees

A cap on 12b(1) fees is going to have one predictable result. Think carnival games.

Andy Rachleff: It’s laughable for the mutual fund lobbyists to suggest that an informed consumer equates to a confused customer.

KaChing

12b(1)

The past two years have been some of the most momentous in the relatively short history of the RIA profession. Legislators and regulators have been gradually embracing the fiduciary standard, though whether it will fully apply to everyone calling themselves advisors remains to be seen.

The Department of Labor’s crusade to lower costs and increase transparency in retirement plans means a spate of new regulations affecting advisors and brokers in that market. Dodd-Frank Financial Reform, meanwhile, continues to unroll across the profession, with the biggest change being a shift to state oversight of RIAs with less than $100 million AUM. In this section, you’ll find continually updated RIABiz.com coverage on all these topics.

RIA Compliance

What consumers need is not a cap, but some sunshine to disinfect mutual funds

A cap on 12b(1) fees is going to have one predictable result. Think carnival games.

Related Moves

November 18, 2022 at 2:56 AM

Stephen Winks

Andy Rachleff

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