Investment Executive Article – “Is Point of Sale Disclosure a Winning Strategy?”
Few issues cause the same exasperated response from financial advisors as the prospect of heightened compliance and increased regulatory disclosure obligations.
In fact, I often hear from many advisors, who say, “What’s the problem that regulators are trying to fix?” Others, such as an industry veteran on the verge of retirement a few years ago, say, “Point-of-sale (POS) disclosure will be the death knell of the mutual fund industry.”
But is POS disclosure truly that negative? Or is it possible that it can be a winning customer strategy? I believe it to be the latter.