Tag: revenue sharing

Advisers should identify key fee drivers to protect participant outcomes, particularly for plans of less than $1 billion.

The dismissal order in the case includes several points of success for the plaintiffs, and while the suit has been...

A recent cease-and-desist order filed by the Securities and Exchange Commission underscores the fact that revenue sharing among financial advisers and ‘parties in interest’ is not necessarily an...

The claims included in the complaint, which in some respects directly contradict arguments made by other plaintiffs in related fiduciary...

The complaint against Wesco Distribution also alleges that the defendants chose higher-cost share classes for investments.

Fiduciaries of the multiple employer plan of professional employer organization (PEO) Nextep, Inc. are being sued over excessive investment and...

Researach also found that mutual funds that pay revenue sharing are more likely to be added to plan investment menus and are less likely to be deleted from...

The advice concerned mutual funds, illiquid alternative investments and cash sweep vehicles.

A district court in California has proven to be skeptical of claims suggesting that active management funds are categorically imprudent retirement plan investments; the ruling also defends the...

The proposed class action lawsuit against TriNet HR follows the same template as numerous others filed by the law firm Capozzi Adler.

The suit alleged excessive fees were paid to the recordkeeper of the company's 401(k) plan through undisclosed revenue sharing.

The Securities and Exchange Commission takes issue with revenue sharing tied to a preferred broker’s “transaction fee” program, underscoring how fee-based advisers are not immune from allegations of...

Beyond the issue of excessive compensation, the lawsuit questions the collection of “float interest” and asks whether BTG International permitted a provider to create a “captive market for...

In the majority of cases, plan sponsors that participated in Callan’s 2019 Defined Contribution (DC) Trends Survey said their plan consultant/adviser conducted fee benchmarking, and in 2019, sponsors...

The court officially ended the case by approving a dismissal motion jointly filed by the parties.

Attorneys warn the “other shoe has dropped” in the SEC’s special Share Class Disclosure Initiative—and RIAs that did not self-report potential 12b-1 fee disclosure violations are now being...

One case focused on excessive fees for recordkeeping, administrative, and investment services, and the other focused on revenue sharing.