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.
February 21, 2024
Citigroup Lifts Jane Fraser's Pay to $26MThe pay package for Fraser, the only female head of a U.S. banking giant, remains the lowest of her cohort.
February 16, 2024
Goldman Raises CEO Pay 24% After Firm's Profits Slump 24%David Solomon's pay jump to $31 million was greater than every other large bank CEO whose compensation has been disclosed.
February 14, 2024
Commonwealth Continues Strong Recruiting, Looks for More in 2024The firm's chief business development officer says momentum from record years in 2022 and 2023 continues to build.
February 05, 2024
The Biggest Roadblock Keeping Wealthy Investors From Hiring an AdvisorDIY investors are increasingly looking for advice, but one big concern is giving many of them pause, Cerulli finds.
February 02, 2024
Adam Malamed Reflects on First Year as Sanctuary Wealth CEOHe has been working on strategic acquisitions "since before it was cool to be independent," he says.
February 02, 2024
6 New Findings on How (and How Much) CFPs Are PaidCFPs earn 12% more than other planners and report high career satisfaction, a new CFP Board survey finds.
February 01, 2024
Raymond James to Pay Fine in Oregon Over High CommissionsThe penalties and restitution come after the firm agreed to a $13 million multi-state settlement last year.
January 31, 2024
How Envestnet Is Powering a New Approach to Serving Wealthy ClientsEnvestnet is seeing high demand for both high-end and low-end client suppport, Dana D'Auria says.
January 18, 2024
DOL Proposes Regs to Help Job Changers Move 401(k)s AutomaticallyBiden administration officials say automatic portability will reduce cash-outs of small retirement account balances.
January 11, 2024
Advisors Battle Morgan Stanley Over Deferred Comp 'Clawback'About a dozen former advisors say the firm improperly withheld deferred compensation in violation of ERISA.