Flat Fees in the UK: Different Country, Same Lame Arguments
Exploring the notion that paying a onetime commission for "advice" is less costly than paying an annual AUM fee.
Eric Schwartz Steps Down as Cambridge CEO
Schwartz emphasizes, “I am not retiring” from the independent broker-dealer that pioneered the BD fee-based business.
LPL’s New CEO Comp Could Reach $5.4 Million
Dan Arnold will see his total compensation grow about three times from his president's wages.
3 significant challenges for annuity advisors in 2017
Thanks to the DOL fiduciary rule, annuity advisors can anticipate reduced compensation, fewer products and a more complicated sales process.
Why You ‘May’ Be Headed for SEC Enforcement
An SEC enforcement push involving a small word—may—has already snared a half-dozen RIAs. Here's how to avoid the same fate.
Why the Wirehouses Hate the AUM Business Model
To me, the big question is why brokers continue to share their revenues with their broker-dealers.
Morgan Stanley and Fiduciary: Never the Twain Shall Meet?
Statements of values or virtues don’t instill a corporate culture. Compensation policies and budgets do.
Does Client Philanthropy Pose a Conflict for AUM Advisors?
If your client reduces his assets under management through charitable giving or other means, does that make the flat-fee approach better for advisors?
Financial Advice and the Age of BS
What is up with the continuing attacks on AUM compensation by the proponents of a flat earth, ah, I mean, flat fees?
DOL 101: The fiduciary rule’s impact on IMOs
An attorney-turned-financial consultant addresses a pressing but often overlooked question raised by the DOL rule: What does it mean for IMOs?