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.
What to Make of LPL's Loan Forgiveness Pledge for Commonwealth Advisors
By John ManganaroThe move was labeled an "interesting concession from LPL" by advisor, author and speaker Michael Kitces.
March 20, 2025
Cambridge to Pay $15M Over Revenue Sharing, Wrap Account ConflictsThe firm will pay $10 million in disgorgement, $3 million in interest and a $1.8 million SEC fine.
March 20, 2025
Stifel Hit With Class Action Suit Over Cash SweepsIn 2023, the firm earned 6.08% on deposits and paid as little as 0.01%, the complaint states.
March 18, 2025
72% of Advisor Revenue Is Fee-Based: CerulliIn contrast, commission-based revenues have plummeted to 23% of an average advisor’s revenue, the study found.
March 13, 2025
Vanguard Faces Class-Action Suit Over $100 Exit FeeThe charge is a "junk fee" meant to penalize customers who close accounts, the suit contends.
February 21, 2025
Arta Expands Services to Help Advisors Manage Their Own WealthFinance professionals including advisors, analysts, portfolio managers and brokers face distinct challenges in managing their personal investments.
February 14, 2025
Low-Cost Vanguard Generates the Most Fee Revenue: MorningstarVanguard's "hugeness" enables it to gobble market share as its low costs attract investors, Morningstar says.
February 14, 2025
Morgan Stanley Pays CEO Ted Pick $34M in First Year Leading BankHe was paid $44 million for 2023, which included a $20 million special bonus amid the leadership transition.