Ameriprise’s Rev-Sharing Haul Ticks Up 3%
Those disclosures are likely in direct response to Reg BI, which heightens requirements around alleviating conflicts, says Jasmin Sethi, CEO and founder of Sethi Clarity Advisors.
The documents also aggregate information about fees and revenue sharing into several tables. This presentation makes it easier for readers to compare expenses between different share classes or revenue sharing between different types of investments.
Other distributors are likely to make similar changes to their disclosures too, Sethi says.
“As you have firms like Ameriprise doing that, it puts pressure on other firms to be as transparent and clear,” she says.