Huge Conflicts for Dual Advisers: Northeastern's Boyson.

The video discusses the differences between fee-based advisors and brokers, focusing on payment methods and fiduciary responsibilities. It highlights the shift from brokers to fee-based advisors, driven by regulatory changes in 2007. The impact of this shift on passive investing is explored, emphasizing the appeal of low-cost, tax-advantaged passive funds. The video also examines dual registered advisors and the conflicts arising from their dual roles. Finally, it addresses the competition between active and passive funds, noting the influence of institutional share classes and the financial crisis.

What trends have been observed in the revenue sources of brokerage firms since 2007?

How do fee-based advisors approach asset allocation compared to brokers?

What are the potential conflicts of interest for dual registered advisors?