Nicholas Pension Consultants
Compensation Strategies Group, Ltd.
Nova 401(k) Associates
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|Share Class Offerings Shift with Fiduciary Focus|
Sept. 1, 2015
"Overall ... nearly 60% of asset managers will make changes to share class offerings heading into 2016. In this group, a quarter plans to add share classes, 'primarily cited as R6 or some zero revenue share class,' and a similar number will move away from share classes that generate revenue through commissions or sales fees. The movement away from commissions and revenue sharing reflects regulators' focus on fiduciary care and conflicts of interest."
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