MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, March 23, 2010 Two Boston Fund Firms Alter Wholesaler Comp 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. Printed from: MFWire.com/story.asp?s=31736 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |