Ameriprise collected $266 million from revenue-sharing payments in 2019, a small increase over the previous year’s haul. About a third of its partners decreased their payments.
Some 30 firms were “full participation” partners of Ameriprise last year, who paid more in revenue sharing than other partners and are available on all the brokerage’s platforms. First Eagle and Natixis both became full partners in 2019. No firms were removed from 2018.
Foreside’s Stephen Murphy, Managing Director, Broker-Dealer Consulting, spoke with Ignites on Reg BI and conflicts of interest.
But that form can only be two pages for firms registered as either advisors or brokers or up to four pages for those registered as both. In most cases, there’s very little way you could possibly fit everything you need to, and especially a firm like Ameriprise’s size, on two pages.
Read his full comments HERE.