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.
UBS Leaves Comp Plan Unchanged for 2021
By Jeff BermanWirehouse likely wants to avoid defections, as its Americas advisor headcount was 6,353 as of Sept. 30, down 274 from a year ago.
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.
August 21, 2020
LPL Execs Urge Advisors to Charge for PlanningBy charging for planning, you can build and grow relationships and revenue, Andy Kalbaugh, a managing director at the BD, says.
August 19, 2020
8 Strategies for the Fee-Sensitive ProspectSome people like to haggle. Here's what to tell them.
May 18, 2020
Advisor Comp May See Big Change Due to COVID-19: Aite GroupThe shift will move from a focus on asset base to one that also includes services provided.