Trump administration DOL officials might slow or reverse the push toward fee-based compensation, but some life insurance agents and other financial professionals have been moving toward fee-based arrangements on their own, to compete fee-based investment
planners and to seek a steadier revenue base.
B Riley Asset Management is a fee-based investment
adviser registered with the Securities and Exchange Commission.
Portfolio Strategies--Managed represents the next step in our evolution of fee-based investment
advisory offerings to clients, building upon a solid foundation of separately managed accounts and multi-discipline account solutions that we provide today," said Dan McNamara, an executive in the bank's investment products group.
To accept commissions on the sale of investments you must be licensed with the National Association of Securities Dealers; to operate as a fee-based investment
adviser you must be registered with the Securities and Exchange Commission.
The company, which offers a fee-based investment
management service, manages pounds 3.
Also driving the licensing trend is the shift towards fee-based investment
advisory work and away from commission or transaction-based compensation.
ASA (800-556-9151) is wholesaling the fee-based investment
program through affiliate brokers and financial planners.
Advocating a diversified, conservative, long-term approach that minimizes the use of mutual funds, the company relies on private money managers to help CPAs create asset allocation and fee-based investment plans for clients.
Fee-based investments are made in institutional asset class funds in a selection of asset classes.