The Impact of Trail Commissions in Financial Advice

Citation:

Stanislav Sokolinski. In Preparation. “The Impact of Trail Commissions in Financial Advice”.

Abstract:

I analyze the causal effect of reduction in commissions paid to financial advisers on behavior of consumers and providers of financial products in the mutual fund industry. I exploit a policy experiment in Israel and a difference-in-differences design that compares changes in outcomes for mutual funds that were subject to exogenous differential reductions in commissions.

Last updated on 11/16/2016