The APT tax can therefore be viewed as a universal brokerage fee levied by the state to finance the panoply of services it provides.
According to a study by PriceMetrix, an aggregator of brokerage fee data, the average fee paid on brokerage accounts declined 0.15% between 2007 and 2010.
Other stocks should be contemplated as long-term plays because of the transaction costs:Your broker must go through an Aussie counterpart, adding overseas commissions and foreign-exchange spreads to the U.S. brokerage fee.
New and disturbing language in a prospectus covering six new SSgA ETFs infers that State Street is willing to pay up to a 0.25 percent 12b-1 fee to brokerage houses for marketing exposure.
When investors buy or sell mutual funds through discount brokerage firms' "no transaction fee" marketplaces, part of the funds' expense charges are going to compensate the brokerage firms.
Recommend to clients that they pay their consulting fee through the affiliated brokerage.
FORBES: The Duty To Investigate Pension Consultant Conflicts (September 1, 2001)
Exchange-traded funds are not required to pay brokerage firms a 12-b1 fee to be held in an account, but one ETF company appears to be preparing for this.
So pension consultants realized they could offer to advise pensions for low or no fee if they could hustle brokerage and other compensation on the side.
FORBES: International Campaign to Eliminate Pension Consultant Abuses (November 2, 2004 )
If no buyer's agent is involved, the listing brokerage and agent get to keep the entire fee.
They could simply buy Marriott stock (which is all this fund invests in), incurring only a brokerage commission, as opposed to a recurring asset-based fee on top of any commission.
The problem was the brokerage firm I worked for wanted nothing to do with low-fee investing.
Firms charge either a spread the difference between what the brokerage versus the investor pays for a currency or a 2 percent fee plus a cut of the profit.
WSJ: Currency Traders Follow the Leader | WSJ.Money Summer 2013
Dornan's class action alleges that at least since 1990 variable annuity underwriters and Morgan Stanley maintained "secret contingent fee sharing arrangements" in which a portion of commission revenue was paid to the brokerage as an incentive to sell the product.
Second, a consultant may receive an agreed upon fee (in addition to an annual retainer) for special projects, such as manager searches or brokerage studies.
FORBES: Compelling Pension Consultant Disclosure (June 1, 2002 )
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