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.
Wells Fargo Leaves Comp Grid Alone for 2020, Tweaks Payouts on Small Accounts
By Janet LevauxIt's "notable" that Wells Fargo has left its grid intact as other wirehouses have made changes, recruiter Mark Elzweig says.
October 21, 2019
SEC Issues FAQ on 12b-1 Fee Disclosure ObligationsThe FAQ is seen as a response to complaints on the SEC's Share Class Selection Disclosure Initiative.
September 30, 2019
SEC Hits 17 More Advisors in 12b-1 Fee CrackdownThe firms include 16 advisors that self-reported as part of an enforcement initiative.
September 27, 2019
Pressure Is On as Wells Fargo Names New CEOCan Charles Scharf restore the firm's reputation after years of scandals?
September 17, 2019
US Among Top 3 Global Markets for Low Fees: MorningstarMorningstar graded 26 markets on their investor-friendliness in the area of fees and expenses.
September 03, 2019
Broadridge's Latest Acquisition Is Financial Database ServicesThe purchase will strengthen Broadridge's advisor compensation capabilities.
August 21, 2019
Sen. Warren Presses Wells Fargo on Fees for Closed AccountsThe senator has given the bank several weeks to answer questions about the alleged charges.
July 18, 2019
'Boring' Year Ahead for Merrill Comp Plan Changes, Exec SaysAfter lots of tinkering over the past two years, the Thunder Herd's Growth Grid should see little change in 2020, an executive says.