Investment Adviser Fee Table On The Table

On February 7, the Massachusetts Securities Division asked for public comment on a fee table requirement for Massachusetts-registered investment advisers.

Difficult Disclosure Problem

The Division is concerned that investment advisers may not provide information about their fees that is clear, or on a basis that is comparable among different investment advisers. This problem arises because advisers offer many different types of services, for which they receive compensation under a wide variety of fee arrangements: e.g., hourly fee, subscription charge (for publications), fixed fee, commissions, performance-based fee, or fees based on the customer's net worth or household income.