Our top financial phrase of 2013 is, “Commissions in the crosshairs.”
In December of last year the Canadian Securities Administrators released a discussion paper on mutual fund fees that floats the idea of following the U.K. and Australia’s bans on embedded commissions.
Read:
Second runner-up phrase of 2013
The paper sent shockwaves through the industry, spurring a heated debate that’ll doubtless continue into 2014. Advisor.ca, Advisor’s Edge magazine and Advisor’s Edge Report have covered every step of the tug o’ war.
CSA to scrutinize mutual fund fees
3 remedies for mutual fund fees
MFDA dealer backs CSA’s mutual fund fee proposals
Advisor compensation model flawed: FPSC
OSC roundtable participants predict fees could double
Compliance roundup: November 2013
Keep embedded commissions, says Invesco president
What unbundling could mean for the future of advice
Will the commission debate affect advisor business valuations?
Fee-for-advice model lacks transparency: IFIC