Nicholas Pension Consultants
Plumbers Local Union No. 1 Benefit Funds
Retirement Plan Consultants
Farmer & Betts, Inc.
EPIC Retirement Plan Services
Loren D. Stark Company
Pension Rights Center
Pension Plan Specialists
RTD Financial Advisors
Kentucky Trust Company
Retirement Industry Trust Association (RITA)
Hochheiser Deutsch & Co, Inc.
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|DOL Warns Investment Advisers About Conflicts Lurking in Payout Grids|
Dec. 22, 2021
"The [DOL] has expressed concerns about the escalating payout grids for dually registered advisors -- especially the way the grids might encourage financial advisors to push one product over another.... Firms should be 'very careful about structures that disproportionately increase compensation at specified thresholds,' the DOL said. This type of compensation can undermine the best interest standard and create incentives for investment professionals to make recommendations based on their own financial interest, rather than on the retirement investor's interest."
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