RIA insurance sales under scrutiny
September 15, 2016 by Arthur D. Postal
WASHINGTON — Insurance sales representatives and registered representatives of broker-dealers now play a “significant role” in many registered investment adviser (RIA) firms, according to an analysis of new Securities and Exchange Commission data.
The report indicates that many RIAs have decided to supplement their fee compensation with commission compensation, according to officials of the Institute for the Fiduciary Standard, which analyzed the data.
The data was gleaned from filings by RIAs on Securities and Exchange Commission Form ADV, which requires them to disclose their compensation, conflicts of interest information, and the registrations of their employees. Click HERE to view the full story. LifeHealthPro articles require free registration to view.
