thecfawannabe

All the CFAI text says is that the brokerage from another client account should not be used to pay for services under client directed brokerage. It doesn't say anything about the soft dollars generated from client directed brokerage, or if they are even generated. It could be very possible that client directed brokerage can generate soft dollars. In that case i think it will be safe to assume that these cannot be used for other client accounts as well. Anyone else has any thoughts on this?