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.
Show Your Employees How Much You’re Really Paying Them
By Kirk J. HulettA total compensation statement lets you make all aspects of compensation, including noncash benefits, as tangible as the dollar amount on a weekly paycheck.
July 31, 2013
CFP’s Goldfarb Case Illustrates Need for Clear Compliance LinesThe first part of our post explained the details of the case. Well now turn to a discussion of what needs to happen from here.
July 26, 2013
It’s time to reboot 408(b)(2)Its not that the 401(k) fee disclosure rule is a bad rule, it just needs a little simplicity.
July 26, 2013
It’s time to reboot 408(b)(2)Its not that the 401(k) fee disclosure rule is a bad rule, it just needs a little simplicity.
July 19, 2013
Preparing clients for DOL auditsThe number of DOL audits is on the rise and financial professional compensation is a big focus.
July 19, 2013
FINRA Tells BDs to Stop Pitching ‘Free’ IRAsSome brokers are using overly broad language in sales materials, implying that there are no fees charged to investors, FINRA says.
July 17, 2013
BofA Boosts Profits 63% as Merrill Advisors Top $1M in ProductionAs the bank cut costs, its wealth management unit improved net income 38% to $758 million.
July 15, 2013
The Strange Case of CFP Board’s Alan GoldfarbAfter a sudden resignation last fall, Alan Goldfarb has been found to have violated the CFP Board's Rules of Conduct. Yet the details of the case suggest that the matter was not as clear as the initially reported findings suggested.