Wrap Fee

Historically, Stifel did not track or monitor which sub-advisers were trading away from Stifel, how often those sub-advisers were trading away, or the specific costs ...

More evidence that OCIE’s wrap fee program sweep has produced results (IA Watch, Aug. 4, 2014). The dual-registrant Citigroup Global Markets settled charges of compliance ...

The SEC has confirmed that it has succeeded in bolstering its staffing in the investment adviser/investment company exam program by roughly 20%. The Commission had ...

Raymond James did not obtain information regarding the amount of commissions charged for these transactions or whether that amount was material. Instead, Raymond James received ...

The additional costs incurred as a result of the subadvisors trading away are embedded in the price of the security on the periodic account statements ...

A summer that’s included several actions against investment advisers that feature wrap fee programs produced two more cases that suggest you should monitor and report ...

If there’s one solid takeaway from the recent RiverFront enforcement action it’s to be as clear as you can in describing your step-out trades within ...

This brochure includes detailed language on step-out or trading away trades from a wrap fee sponsor following an SEC enforcement action.

The SEC has long trained its sights on wrap fee programs (IA Watch, Aug. 4, 2014). The latest example of this interest can be seen ...

RiverFront significantly increased its trading away activity during 2009 and early 2010. Consequently, trading away began to constitute a majority of wrap trading by volume, whether ...