Self-Dealing and Compensation for Financial Advisors
Published Nov 5, 2009
Recent legislative and regulatory activity related to investment advice in 401(k) plans has focused on the issue of self-dealing. In this paper, the authors develop a framework that addresses questions of self-dealing based on the direct-marketing model introduced by Inderst and Ottaviani (2009). They specically adapt the model to the setting of 401(k) plan advice, extend the theoretical framework to consider the implications of financial literacy and discuss various key aspects of existing and proposed 401(k) advice legislation in the context of the model's predictions.
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Document Details
- Copyright: RAND Corporation
- Availability: Web-Only
- Year: 2009
- Pages: 25
- DOI: https://doi.org/10.7249/WR713
- Document Number: WR-713
Citation
RAND Style Manual
Yoong, Joanne K. and Angela A. Hung, Self-Dealing and Compensation for Financial Advisors, RAND Corporation, WR-713, 2009. As of July 10, 2026: https://www.rand.org/pubs/working_papers/WR713.html
Chicago Manual of Style
Yoong, Joanne K. and Angela A. Hung, Self-Dealing and Compensation for Financial Advisors. Santa Monica, CA: RAND Corporation, 2009. https://www.rand.org/pubs/working_papers/WR713.html.
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