Cat

The real question here is: why do you even care? 

This is all about making the fees that investors pay to their advisors at least somewhat more open and visible. If you do not use an advisor and are a DIY investor as you have clearly indicated you are, this entire subject should be of no interest to you. Sort of like dividend-growth investing and bonds, neither of which you have any inclination to own, should not be on your radar either. 

I realize you want your questions answered, regardless. 

Sometimes the concept of free education goes a wee bit too far, don't you think?

SFI