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Assessing Compensation Reasonableness of Retirement Investment Advisers (PDF)
DALBAR
Sept. 21, 2016 12 pages. "This paper is intended to inform and to limit the damage to advisers who perform at a high level for reasonable compensation. Supporting this initiative to limit the damage to good advisers, is the unanimous 2010 Supreme Court decision that stipulates that reasonable compensation must be based on factors of value described in the Gartenberg Standard.... The Court warned about the use of benchmarks to comp are advisers, limiting such tools to 'arm's length benchmarks' that include only those arrangements derived from arm's length bargaining. The Court ordered that even 'arm's length benchmarks' were unnecessary and only ancillary to the other Gartenberg factors." MORE >> |
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