Investors in such instruments are eligible for a 20% tax deduction as a result of the pass-through provision.
The 0.05% fee is ostensibly a response to Vanguard's distribution model, but may also make the company's funds less attractive due to higher cost.
A growing number of states are looking to pass rules preventing exploitation of seniors
About 83% of plan sponsors reviewed their fees, and of those, 40% reduced overall fees, according to a new study.
Unlike DOL fiduciary rule, New York's best-interest rule covers life insurance sales and could be a harbinger for other states
About 83% of plan sponsors reviewed their fees, and of those, 40% reduced overall fees, according to a new study
A growing number of states are looking to pass rules preventing exploitation of seniors.
It's one in a growing list of instances where plan advisers are being named co-defendants alongside their clients.
While advisers face the difficult task of analyzing the law's impact, they will also have a significant opportunity to prove their value by implementing money-saving strategies for clients as well as their own businesses.
Will clients become more interested in paying commissions? Will the new tax law steer more financial advisers toward independent channels? It could.
