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.
CEO-Worker Pay Gap Is an Underrated Risk to Stocks
By Nir KaissarAbout 10% of Russell 1000 companies pay a median compensation below the federal poverty line.
December 19, 2018
Massachusetts Charges Advisor, Fines Stifel Over Fee ArrangementThe advisor is accused of overcharging clients and failing to tell them about his arrangement with Stifel.
December 14, 2018
Will Wells Fargo's New Comp Plan Stop Outflow of Reps?The cuts are less steep than those made recently at many other firms, recruiters say.
December 06, 2018
BofA Elevates Merrill Lynch, U.S. Trust ExecsThe news comes about six weeks after the passing of the bank's global wealth chief Terry Laughlin; also this week, Merrill loses a pair of advisors to Janney Montgomery Scott.
November 28, 2018
Are You Negotiating Against Yourself?It's critical to understand the cost/price/value elements of your pricing strategy before giving clients wholesale reductions in fees.
November 27, 2018
How Dan Arnold Is Driving Change at LPLLPL appears to have had a "come to Jesus" moment of self-reflection, as it grapples with some long-standing issues voiced by advisors.
November 02, 2018
New Carrots, Sticks in Merrill's 2019 Comp PlanMerrill will institute a noncompensable policy, which executives say is "in line with many of our peers."
October 31, 2018
SEC Highlights Top Advisor No-Nos Related to Cash Solicitation RuleThe agency's exam division cites four of the most common compliance deficiencies related to the rule.