Does your firm accept soft dollars as a method of payment for services provided?
FORBES: A Proposal For Managing Pension Consultants (September 1, 2000)
Review Trading Costs: Pensions should examine trading practices and costs, including use of soft dollars by managers.
FORBES: Time��s Running Out For America��s Pensions (May 1, 2003 )
The commissions were called soft dollars and firms earned them by doing research.
Many expect that the SEC will carve out an exception on soft dollars that would allow independent firms to collect them.
In summary, the effort to eliminate soft dollars failed and we understand both Morgan and Goldman now offer soft dollar services to their clients.
FORBES: Pensions and Brokerage: The Brokerage Battlefield Revisited (October 1, 2000)
Or personal trading, soft dollars and other forms of self-dealing?
For purposes of this article we would like to introduce a new and more useful perspective for pensions in their analysis of soft dollars or any other brokerage issue.
FORBES: Pensions and Brokerage: The Brokerage Battlefield Revisited (October 1, 2000)
Instead the same or substantially similar retail products were sold and retirement investors were subjected to retail expenses and abuses related to revenue-sharing, directed brokerage, soft dollars and securities lending.
In the institutional marketplace, strange as it may seem, it is possible for a money manager to profit more from soft dollars than from the negotiated asset management fee he receives.
FORBES: Pensions and Brokerage: The Brokerage Battlefield Revisited (October 1, 2000)
But certainly one big topic of conversation has been soft dollars--the monetary value of the research that investment banks provide to clients in return for trading order flow--which the SEC has been studying.
Consultants also shall provide full disclosure of any payments they receive from money managers, in hard or soft dollars, for any services they provide, including but not limited to, performance measurement, business consulting and education.
FORBES: Louisiana Mandating Consultant/Manager Disclosure (April 2, 2005)
For those who love Formula One but can't afford to spend tens of millions of dollars to race, Ubi Soft offers another option with Monaco Grand Prix Racing Simulation for the PlayStation game console.
Senator Russell Feingold of Wisconsin, who staked his future as a campaign-finance crusader on a refusal to accept soft money, defeated an opponent flush with dollars from the national Republican Party.
In the meantime, the Republican and Democratic parties are unleashing the last of hundreds of millions of dollars worth of so-called "soft money" -- hard cash -- in the final barrage of campaign ads and get-out-the-vote efforts.
"These are just a fraction of what we as consumers spend on soft drinks each year which is almost half a trillion dollars - the total required for species and sites is less than half of what is paid out in bonuses to bankers on Wall street's biggest investment banks, " he explained.
The more commission dollars pensions direct, the less managers have for their own purposes including soft dollaring and marketing.
The SEC specifically excluded soft dollar arrangements from the requirement to adjust reported expenses to include amounts paid with commission dollars.
FORBES: New SEC Action: More Brokerage Disclosure to Confuse Mutual Fund Investors (April 1, 1996)
应用推荐