August 19, 2009
A few bad apples shouldn’t make all of the ethical advisors pay. Such fee would dramatically cut into profits for owners and families as well as others in the professionals. Such a rule would drive advisor’s to increase fee’s and sell products of higher commissions to pay cost, which could lead to further problems overall. Just like when the price of oil goes up, gas goes up. You impose higher fee’s to advisors, I would image that they would just pass onto clients. No one wins in that scernio. Please reconsider this action.