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Quantifying 'Best Interest,' Reasonable Compensation and Suitability for Investment Professionals
The Prudent Investment Adviser Rules Link to more items from this source
[Opinion]
May 31, 2016

"Given the abundance of evidence establishing the poor historical performance of actively managed mutual funds and the inequitable nature of the 'inverse pricing' method used by many variable annuity issuers in computing a variable annuity annual M&E fee, a strong argument can be made that the fees and other costs charged by many investment professionals are not reasonable at all[.]"

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