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.
Merrill Freezes Recruiting, Relaxes Performance Hurdle
By Janet LevauxSome 700 advisor trainees have been given temporary assignments elsewhere in the bank, an executive says.
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.
February 06, 2020
Here's How RIAs and Their Staff Are Paid: Schwab StudySchwab took a look at how much of their revenue RIAs spent on compensation and how they spent it.
January 22, 2020
4 Reasons to Change Your Fee StructureIf you can communicate the true cost of your value, you should have little client pushback on fee changes.
December 26, 2019
DFA Cuts Management Fees on 77 FundsThe cuts, ranging from 1 to 8 basis points, take effect Feb. 28.