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 Postpones Advisor Comp Changes
By Janet LevauxMeanwhile, its advisor headcount in the Americas is down 294 from last year and 44 from the prior quarter.
April 16, 2020
Merrill Freezes Recruiting, Relaxes Performance HurdleSome 700 advisor trainees have been given temporary assignments elsewhere in the bank, an executive says.
March 30, 2020
Pershing Rolls Out Pricing Options, Taps Replacement for Tibergien"The custodial business-pricing model was ripe for disruption, … and this … begins to change the way in which the marketplace is oriented"
March 30, 2020
CFP Board Gets Heat for Dropping Comp Info on WebsiteThe Certified Financial Planner Board of Standards tells critics that only 7% of searches asked for compensation information.
March 04, 2020
Tibergien's Successor Says RIA Custodial Business Is Ripe for New Pricing ModelThe goal is for Pershing to become "the largest and most significant player" in the RIA custodial space, Ben Harrison says.
February 19, 2020
UBS Snatches $6B Wealth Team From GoldmanThe under-50 duo of Denis J. Cleary and Gregory M. Devine also have about $20 million in yearly fees and commissions.
February 19, 2020
Dually Registered Firm Penalized for 12b-1 Fee InfractionsBPU Investment Management purchased, recommended or held mutual fund share classes that charged 12b-1 fees instead of lower-cost ones.
February 06, 2020
Wells Fargo's Frozen Bonuses Hurt Unintended TargetDozens of former executives have waited, some for years, to collect millions in bonuses. Many have done nothing wrong.