From: Davis J. Rieman, Jr. |
Abolishing the 12b-1 rule will be a disservice to smaller clients, and clients who don’t need or want a wrap account. So as usual, a rule meant to help / protect the investor will end up costing them 4 times the fee they may be paying now – and even more Advisors / Broker’s will be hunting for elephants in the future, instead of helping the small & neediest clients, the one’s just starting out or one’s with modest accounts. Davis J. Rieman, Jr. |