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.
Pershing Rolls Out Pricing Options, Taps Replacement for Tibergien
By Janet Levaux"The custodial business-pricing model was ripe for disruption, … and this … begins to change the way in which the marketplace is oriented"
February 19, 2020
UBS Snatches $6B Wealth Team From GoldmanThe under-50 duo of Denis J. Cleary and Gregory M. Devine also have about $20 million in yearly fees and commissions.
February 19, 2020
Dually Registered Firm Penalized for 12b-1 Fee InfractionsBPU Investment Management purchased, recommended or held mutual fund share classes that charged 12b-1 fees instead of lower-cost ones.
February 06, 2020
Wells Fargo's Frozen Bonuses Hurt Unintended TargetDozens of former executives have waited, some for years, to collect millions in bonuses. Many have done nothing wrong.
February 06, 2020
Here's How RIAs and Their Staff Are Paid: Schwab StudySchwab took a look at how much of their revenue RIAs spent on compensation and how they spent it.
January 22, 2020
4 Reasons to Change Your Fee StructureIf you can communicate the true cost of your value, you should have little client pushback on fee changes.
December 26, 2019
DFA Cuts Management Fees on 77 FundsThe cuts, ranging from 1 to 8 basis points, take effect Feb. 28.
December 12, 2019
Wells Fargo Leaves Comp Grid Alone for 2020, Tweaks Payouts on Small AccountsIt's "notable" that Wells Fargo has left its grid intact as other wirehouses have made changes, recruiter Mark Elzweig says.