Reg BI presses for changes…and product offerings, fees evolve (IGNITES)

Firms now under Reg BI and its increased scrutiny are scaling back product offerings and making modifications to fees and compensation. Founder and President Amy Lynch sees this as as a move toward more standardization for the industry, particularly in the way fund shares will be offered. Ms. Lynch comments that firms are now focused on reducing conflicts of interest and with that will be the decline and potential end of the 12b-1 plan as we know it. See IGNITES (subscription required), “Reg BI Has Accelerated Product Culls, Fee Cuts: Sifma”