Consolidated revenue reached P275.8 million, up by 10.5 percent year-on-year, largely driven by higher interest income and trailer fees
Consolidated revenues in the second quarter reached P 275.78 million, higher by 10 percent year-on-year from P249.59 million, largely driven by higher interest income and trailer fees
grew its second quarter net profit by 17.1 percent year-on-year to P133.9 million as higher interest income and trailer fees
from fund distribution made up for slower revenues from commission.
COL's consolidated revenues in the second quarter reached P275.8 million, higher by 10.5 percent year-on-year, largely driven by higher interest income and trailer fees
The firm said that it would lower the management and trailer fees
on certain series of the HSBC World Selection(R) Diversified Funds.
Or--and this is increasingly common not only in respect to VAs, but also variable universal life products--they offer exclusively trailing commissions (or trailer fees
That same year, California's legislative counsel issued an opinion that the IRP superceded state rules and therefore the state could not assess additional trailer fees
. When it came time to stop collecting those fees, though, California did not comply.
Advisors are generally compensated by commission, although they may also receive trailer fees
paid by mutual funds, and fees for professionally money managed accounts.
from the fund distribution segment also rose by 39.8 percent to P14.8 million as average assets under administration reached P2.6 billion.
In a statement, COL said revenues jumped 71.2 percent to a quarterly record of P365.7 million, primarily led by an 87.3 percent increase in commission revenues and the strong growth in interest income and trailer fees