DOL Warns Investment Advisers About Conflicts Lurking in Payout Grids

Subscribe (Free) to
Daily or Weekly Newsletters

Post a Job

Featured Jobs

Retirement Plan Consultant

EPIC: TPA/DPS
(Remote / Norwich NY)

Retirement Plan Administrator

Nicholas Pension Consultants
(Hybrid / Remote / Corona CA / Rancho Cordova CA)

Fund Administrator

Plumbers Local Union No. 1 Benefit Funds
(Long Island City NY)

Retirement Plan Administrator (TPA)

Retirement Plan Consultants
(Remote)

Employee Benefits and Executive Compensation Associate Attorney

Verrill
(Hybrid / Portland ME / Boston MA)

Retirement Plan Administrator

Farmer & Betts, Inc.
(Remote / WA)

Retirement Plan Administrator – Senior Associate

PBMares
(Hybrid / Norfolk VA / AZ / DC / FL / MD / NC / PA / TX)

Sales Consultant

EPIC Retirement Plan Services
(Remote / Norwich NY / KY / MA / ME / OH / PA / VT)

Distribution \ Loan Clerk

Retirement, LLC
(Remote / Oklahoma City OK)

Retirement Plan Documents Specialist

Loren D. Stark Company
(Remote)

DC Plan Administrator

Retirement, LLC
(Remote / Oklahoma City OK)

Legal Director

Pension Rights Center
(Remote)

Employee Benefits & Executive Compensation Associate Attorney

Polsinelli PC
(Chicago IL / Dallas TX / Kansas City MO)

Administrator/Consultant (DC and DB)

TPA Professionals
(Remote)

Retirement Plan Consultant

Pension Plan Specialists
(Vancouver WA)

Retirement Plan Specialist

RTD Financial Advisors
(Hybrid / Philadelphia PA)

Retirement Plan Administrator

Kentucky Trust Company
(Danville KY)

Compliance Analyst

Pentegra
(Remote / West Harrison NY)

Membership Director: Independent Contractor

Retirement Industry Trust Association (RITA)
(Remote / Sarasota FL)

Jr Retirement Plan Administrator/ Administrative Assistant

Hochheiser Deutsch & Co, Inc.
(Melville NY)

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

<< Previous news item | Next news item >>

DOL Warns Investment Advisers About Conflicts Lurking in Payout Grids
Financial Advisor

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."

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).

An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).