Nothing Says "Fiduciary Duty" Like a Fat Revenue Share

Private Capital Titans Pay Advisers $2 Billion to Sell Their Products.

"Sixteen funds, including those managed by Blackstone, Blue Owl, Apollo and KKR, have generated more than $2bn in servicing fees for wealth advisers since 2017 even before lucrative upfront commissions, according to a FT analysis of regulatory filings…."

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