Some firms receive these fees as payments, which creates an incentive to promote them. All of these conflicts can negatively impact clients via hidden fees and overall higher costs.ĭoes Stifel, Nicolaus & Companyorporated offer mutual funds that have 12b-1 fees?ġ2b-1 fees increase the total annual cost of owning a mutual fund with no guarantee of higher returns. When firms are dual-registered as broker-dealers, they may be subject to compensation-related conflicts of interest, including revenue sharing from mutual funds, cross-selling of commissioned insurance products, and the sale of proprietary investment products. Is Stifel, Nicolaus & Companyorporated also a Broker-Dealer or are they affiliated with one? What conflicts arise from this relationship? How does Stifel, Nicolaus & Companyorporated mitigate them?Ĭurrently Stifel, Nicolaus & Companyorporated is also a Broker-Dealer or is affiliated with one. Is the firm’s purpose to provide you financial planning and ongoing advice or to sell commission-based products to its clients? While this allows for a broader range of investment options and management styles a firm can offer, it can also create an incentive for the firm to put their financial interests ahead of your own. These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. Stifel, Nicolaus & Companyorporated can accept commissions for its investment advisory services. What percentage of income does Stifel, Nicolaus & Companyorporated receive from fees versus commissions?
Checks take place monthly.Īfter checking the regulatory records of Stifel, Nicolaus & Companyorporated, our system has identified the following question(s) to ask. Our system found no other disciplinary questions to ask. Stifel, Nicolaus & Companyorporated or one of its employees previously has been subject to a suspension or expulsion or other restriction of activities with a Self-Regulating Organization or commodities exchange.
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The SEC, CFTC, or another regulatory agency has previously entered an order against Stifel, Nicolaus & Companyorporated or an advisory affiliate in connection with an investment-related activity.Ī regulatory agency has previously denied, suspended, or revoked your firm’s or an advisory affiliate’s registration or license or otherwise restricted their activities. Stifel, Nicolaus & Companyorporated or an advisory affiliate has previously been fined or ordered to cease and desist activity by the SEC or CFTC. Stifel, Nicolaus & Companyorporated or an advisory affiliate was previously involved with violating a regulation or statute by a domestic or foreign court, the SEC, CFTC, or another regulatory body or commodities exchange. Stifel, Nicolaus & Companyorporated or an advisory affiliate was previously found guilty of making false statements or omissions by the SEC, CFTC, or another regulatory agency or organization. What happened? When? How many times did it occur? Will anyone that was involved be involved with my accounts in any capacity? In the past 10 years, a domestic or foreign court has issued an injunction against Stifel, Nicolaus & Companyorporated or an advisory affiliate in connection with an investment-related activity. After checking the disciplinary records of Stifel, Nicolaus & Companyorporated, our system has identified the following question(s) to ask.
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