Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Two Boston Fund Firms Alter Wholesaler Comp Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, March 23, 2010

Two Boston Fund Firms Alter Wholesaler Comp

News summary by MFWire's editors

John Hancock Funds and MFS Investment Management have implemented changes to wholesaler compensation, InvestmentNews reports. The changes are aimed at encouraging diversification in the funds sold by wholesalers.

In Hancock's case, it has taken an unspecified chunk of wholesalers' bonus pay and placed it into a discretionary pool linked to the number of funds an advisor owns and the number of broker-dealers the wholesaler deals with, according to the report. The change took effect this year.

For its part, MFS also embarked on a move to encourage wholesalers to increase the number of advisors they work with.

The program has been in place for a couple of years now. In the past, it made up 5 to 10 percent of wholesalers' compensation; recently, it has risen to the 25 to 30 percent range, the report stated. 

Edited by: InvestmentWires Staff, 


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2018
40 Wall Street | 28th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use