Wirehouses Roll Out ’13 Comp Plans
After getting feedback from top advisors, Morgan Stanley said in December that it will share a new stock-ownership plan with reps in 2013.
BofA-Merrill New Comp Plan: Good News, Bad News for Advisors
“There is a revision to the bonus plan that could make it actually harder to earn the initial amounts,” said a compensation consultant.
Independence Still Looks Good, Though Few Take the Plunge
A survey of some 2,500 traditional employee advisors found that more than 70% are considering a move to independence, says Diamond Consultants, a recruiting and consulting firm.
Most Advisors Want Independence, but Few Make Jump, Survey Says
Short-term financial goals keep many advisors in their traditional channels, according to the recruiter Mindy Diamond.