Wrap Fee

IA acted contrary to its client disclosures and internal policies concerning reviewing accounts of clients in wrap program

"KAI failed to (i) review these advisory accounts for inactivity as required under its internal policies and external disclosures, to determine whether wrap accounts remained ...

This Advisers Act rule addresses the delivery of Form ADV

Examiners found deficiencies related to inadequate disclosures and compliance programs that failed to measure up. For instance, some advisers didn’t monitor “the trading activity in ...

Advisers did not monitor the trading activity in clients’ accounts or their monitoring activities were ineffective

The settlement touches on violations of the adviser's fiduciary duty, undisclosed 12b-1 fees, errant fee calculations, suitability, hidden revenue sharing, conflicts, as well as sweep ...

In a Wrap Program, we generally receive from .125% to 1.00% in annual compensation, depending on the program sponsor, type of account

The dual registrant will now pay a $5 million penalty

Clients, however, did not have this information available to them because execution costs from trading away were not visible to clients on their account documents ...

BB&T Investment Services failed to disclose sufficient facts to enable clients to determine that the compensation arrangement between BB&T Investment Services and the Affiliated Adviser ...