when applying CFA soft dollar standard can a firm work with a broker who might not prvide the ‘best’ execution in terms of lowest cost, but offers research that is superior to his piers?
fairly certain i saw a question or read somewhere that soft dollars can be used with a broker who might not offer the best, lowest cost execution but offers superior research services, within reason of course.
input on this?
seems like there are lots of gray area in the client directed brokerage/soft dollar arrangement that could lead to ambiguous questions, easy to eliminate one then you stare at other two answers for five mins.