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.
Q4 Earnings: UBS Profit Falls as Advisor Headcount Rises
By Janet LevauxWealth Management Americas included 6,967 FAs at the end of the fourth quarter, up 171 from a year ago and 54 from the previous quarter.
December 22, 2011
Bank of America in $335 Million Settlement Over Countrywide LoansThe DOJ says it's the largest settlement in history over residential fair lending practices.
December 22, 2011
UBS Lifts $800M Merrill Team, $375M Morgan Stanley GroupBob McCann continues to work his recruiting magic as head of the Swiss-based banks U.S. unit.
December 01, 2011
Lifting the Lid on 401(k) Fees (CFO)401(k) plans are about to become a whole lot more transparent. Starting next year, the Department of Labor will require sponsors to disclose specific plan fees and investment information in an easy-to-read format showing exactly what each participant paid for their plan in the previous quarter, and who the money...
November 23, 2011
Recruiting Wars for Teams Heat UpRecruiters say the departure of Harvey Kadden and his colleagues from Merrill should send a strong warning to Bank of America-Merrill Lynch either improve the relationship between the bank management and FAs or watch more wealth managers depart.
November 03, 2011
Top 8 Most Overpaid CEOs of Public Companies (AdvisorOne)How much do successful CEOs really make? Among the top 100, some of the highest salaries are surprising, considering their companies' profit over the past 12 months, as defined by stock price performance.
November 02, 2011
Top 8 Most Overpaid CEOs of Public CompaniesSome CEOs keep raking in the bucks even as the companies they lead lose market share, see their stock price fall, or both.
November 01, 2011
Breakaway 401(k)sNext spring, 72 million Americans will open their quarterly 401(k) statements and, for the first time, they will see the true cost of their retirement investments spelled out in new fee disclosures.