|
|
Article: An NASD Boost for Soft Dollars.(National Association of Securities Dealers, alternative safety practices)(Brief Article)
- Article from:
- Traders
- Article date:
- January 1, 2005
- Author:
CopyrightCOPYRIGHT 2005 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
It was a happy holiday season for supporters of soft dollars. The alternative payment practice was acknowledged to be "especially beneficial to the clients of smaller investment advisers," according to a regulatory report issued just before the holidays.
The NASD report of the Mutual Fund Task Force on Soft Dollars and Portfolio Transaction Costs basically endorsed the use of soft dollars, some analysts said. Its rationale was that some advisers lack effective research capabilities.
"These smaller advisers can afford neither a large internal research staff nor extensive hard dollar payments for research," the report continued.
A longtime ...