Investment Advisers Likely To Bear Cost Of More Oversight
January 11, 2012
Dow Jones Financial Adviser-The fees may affect advisers' ability to hire or even to adopt new technology, notes Deena Katz, associate professor of personal financial planning at Texas Tech University. And 'we have to assume that some will just not be able to be in business,' she adds.
Stricter oversight of financial advisers appears inevitable, and the advisory firms likely will have to foot the bill that comes with it.
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The fees may affect advisers' ability to hire or even to adopt new technology, notes Deena Katz, associate professor of personal financial planning at Texas Tech University. And "we have to assume that some will just not be able to be in business," she adds.