Pershing can add a commission on top of a trade, Calvario, but the “ultimate solution is to simply implement your [equity] commission schedule” he told the B-Ds in attendance. “We do not have a solution to that. We’re  looking at it. It’s no small task.”
 
To deliver what most B-Ds want, which is to use their own commission schedules and their own breakpoints, “that’s going to require a lot of work. We don’t really have our hands around that yet,” Calvario told Financial Advisor.
 
Participants on the panel hoped for more guidance and flexibility from the DOL as the industry struggles to come up with answers.

First « 1 2 » Next