Commission-free advice from three top managers

These three firms are finding ways to avoid charging embedded commissions.

Jeffrey Bunce, CFA 21 March, 2017 | 5:00PM
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In January, the Canadian Securities Administrators published its long-awaited consultation paper in which it considers a ban on embedded commissions. Among other things, the regulators’ research indicates that embedded commissions paid to financial advisors may encourage dealers and reps to favour funds that pay the highest trailer, rather than those that provide the best value. The CSA is now seeking comment on whether to make a switch to a direct pay model.

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About Author

Jeffrey Bunce, CFA

Jeffrey Bunce, CFA  Jeffrey Bunce, CFA, is a senior investment analyst for Morningstar’s Investment Management group.

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