Merrill Scrutinizes Managed Portfolio Account Fees

Principal Kerry Zinn was quoted in the Advisor Hub article, "Merrill Scrutinizes Managed Portfolio Account Fees” on September 25, 2019. 

The article discusses the recent review conducted by compliance supervisors at Merrill Lynch Wealth Management regarding managed portfolio account fees. There are different fee rates associated with different service models, and therefore crucial to assess if the fees and investment strategies are appropriate for each client.

Kerry Zinn, an attorney and member of the regulatory and compliance group with Bressler, Amery & Ross, in Fort Lauderdale, FL, commented “[t]he concern in the industry is that a regulator would perceive it negatively if, for example, you have a robo advisor product putting the customer in asset allocations and ETFs, and your full-service suite product is doing the exact same thing,”

To read the entire article on the Advisor Hub website, please click here.