Skip to content

DOL Fiduciary News: July 28, 2016

Please Note:

These links will take you directly to the homepage of the website that features the article.

To reach the article directly, copy and paste the article title into the search feature on the homepage of the publication website.


Ameriprise Financial eliminating mutual fund marketing fees from advisory platform, says CEO

SNL.com; Wednesday, July 27, 2016 1:01 PM ET

Ameriprise Financial Inc. will make some adjustments in its business model and cost structure to offset the potential impact of the removal of mutual fund 12b-1 fees from its advisory platform, according to Chairman and CEO Jim Cracchiolo.

The CEO said during an earnings call [that] Ameriprise is changing the account structure of its advisory platform to institutional share classes in the first part of 2017. The shift comes in the wake of the Department of Labor's Conflict of Interest Rule, which disallows marketing commissions paid to distributors and salespeople, or the 12b-1 fees.
(http://www.snl.com)

Did you accomplish the goal of your visit to our site?

Yes No

© 2024, LL Global, Inc. Unauthorized use, reproduction, or reprinting of this material (or any portion thereof) for any purpose without express written permission from LL Global (LIMRA and LOMA) is strictly prohibited, including, without limitation, use with any current or future form of an Artificial Intelligence tool or engine.