Compensation and Fees
What leading financial advisors, experts and firms are saying about compensation and fees for registered representatives (both independent and employee) and registered investment advisors.
AUM, Hourly or Retainer Fees: Which Model Is Best for Advisors?
By Jeff BermanAdvisors Rick Ferri, Penny Phillips and Anna N'Jie-Konte debate the merits of different fee structures.
January 04, 2021
Ex-Rep Sues Morgan Stanley Over Deferred CompA broker says the firm wrongly withheld more than $500,000 from him when he left.
December 28, 2020
Revamped CFP Board Site Gets High Marks From PlannersThe Board says it will add more information in the future about how planners are paid.
December 16, 2020
Morgan Stanley to Roll Out 'Minor' Comp Changes for 2021Given its earlier "draconian cuts," the wirehouse doesn't "have much room to maneuver" next year, says recruiter Mark Elzweig.
December 14, 2020
UBS Leaves Comp Plan Unchanged for 2021Wirehouse likely wants to avoid defections, as its Americas advisor headcount was 6,353 as of Sept. 30, down 274 from a year ago.
December 04, 2020
Merrill Ends Advisor Payouts on Small AccountsBut the firm's decision to leave its comp grid alone stands as welcome news for advisors, consultant Andy Tasnady says.
November 24, 2020
Wells Fargo Loses Libel Dispute to Fired AdvisorAn arbitrator rules that Amy Webster is entitled to attorney's fees and expungement in a matter tied to sales of renters insurance.
November 05, 2020
Wells Fargo to Freeze Raises for High Earners as It Limits CostsThe news comes a week after the bank did a U-turn on ending 401(k) matching contributions for some employees.