Can't trust BA.
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What do you expect. A company comes out and announces a policy that gets it all kind of great PR but it will take years to enact. The want to be the good guys but it never happens. These companies are businesses that could put the policies in immediately if they truly wanted to.
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Worked there. Was a play to increase revenue at the expense of active funds. Use Model ETF portfolio’s and keep the entire client fee similar now with transparency. Much more revenue to the firm. Average revenue on fee-based accounts much higher than commission accounts.
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