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Ameriprise’s Rev-Sharing Haul Ticks Up 3%

Murphy Ignites

 

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.

 

 

 

 

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HFM RegTech award

 

Portland, Maine, June 18, 2020— Foreside Financial Group, a leading provider of compliance and distribution solutions, is pleased to announce it has been shortlisted for “Best RegTech Solution” for the HFM European Technology Awards 2020. The awards ceremony will take place virtually on Thursday, August 20, 2020.

The HFM European Technology Awards acknowledges and celebrates IT and software providers serving hedge funds that have demonstrated exceptional customer service.

“We are honored that HFM shortlisted Foreside as the Best RegTech Solution,” said Emmy Bernard, Senior Managing Director at Foreside. “Foreside constantly strives to bring greater efficiency to hedge fund clients, through consultation, partnerships with regulators, and technology solutions. Foreside AdCompliance exemplifies this approach, as it helps hedge fund managers focus on their core business functions, instead of the tedious review of marketing materials.”

Foreside marries innovative technology with high-touch consulting and expertise to help mitigate risk and increase operational efficiencies for firms across the asset management industry. At Foreside, our goal is to help clients get ahead of regulatory concerns by partnering with regulators to find solutions. Foreside’s consulting and technology solutions alleviate pain-points for clients, allowing them time to focus on their value-adding work such as portfolio management, client service, and sales.

 

About Foreside:

Foreside delivers best-in-class technology solutions and comprehensive advice to clients in the global asset management industry. We distribute more than $1 trillion1 of product through our 20 limited purpose broker-dealers. For 15 years, our suite of services and platform-based model have helped us automate and simplify compliance and distribution for clients. We work with global asset managers, investment advisors, broker-dealers, and other financial institutions.

By harnessing state-of-the-art technology, we help firms address and shape today’s regulatory environment, drive operational efficiency and growth, and focus on value-adding work. Foreside is headquartered in Portland, Maine, with numerous regional offices, including those in New York and Boston. For more information on Foreside’s suite of services, please visit www.foreside.com.

 

 1 as of January 1, 2020

 

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