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.
Ex-Rep Sues Morgan Stanley Over Deferred Comp
By Jeff BermanA broker says the firm wrongly withheld more than $500,000 from him when he left.
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.
November 03, 2020
DFA Announces More Fund Fee CutsThis will be the second management fee cut for most of the 33 funds within a year.
October 26, 2020
UBS to Boost Fixed Pay, Cut Bonuses in Comp RevampThe changes come as competition for top bankers heats up, with Julius Baer and Credit Suisse recently poaching UBS teams.
September 29, 2020
Preparing for Reg BI Exams: The Disclosure ObligationBe sure you're following best practices before regulators come knocking.