In the current age of more stringent ethics codes and increased burdens on compliance officers, the level of compliance awareness in financial advisory firms has ratcheted up to new heights.During 2005, audits revealed that almost 80 percent of firms have some sort of conflict of interest not disclosed fully and fairly, with a majority of those issues centering on compensation streams - how and by whom the financial advisor is compensated.
While advisors registered with the Dallas-based broker/dealer 1st Global aren't involved with any of the items on the list, founder and chief executive Tony Batman ticked off a list of possible conflicts in compensation arrangements.
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