May 7, 2021
Most Small Business 401(k) Plans Pay 'Hidden' Fees
Such fees cost plan participants an average of $228 annually, according to 401(k) provider and recordkeeper Employee Fiduciary.
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May 7, 2021
Snapshot of State-Registered FAs — Where They Are and How They Charge
Most state-registered investment advisor firms are small businesses with one or two employees, according to the North American Securities Administrators Association.
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May 5, 2021
UBS Adds to Zero-Fee SMA Offering so FAs Can Make Better Use of Their Time
Reducing the need to pick individual investments gives advisors more time to devote to the advice their clients need, says a UBS Financial Services executive.
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May 4, 2021
Impact of D&I Metrics on Wirehouse Execs' Pay Remains Unclear
Transcript Video [ 1:48 ]
The CEOs' pay plans "are pretty opaque," says one compensation consultant. And they're "not as linear as the number of females versus males or different levels," says another.
Transcript Video [ 1:48 ]
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May 3, 2021
LPL Plans to Push More Subscription Products to Advisors
The firm reported roughly 1,700 monthly subscribers to its services in the first quarter, generating annualized revenue of around $19 million.
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April 30, 2021
Raymond James Expects Better Recruiting Offers to Keep Boosting FA Count
The company’s technology investments also continue to have a positive impact on its recruiting, according to its chairman and CEO.
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April 30, 2021
Home Office News: UBS Adds More Models to SMA Wrap Program, Schwab-TD Integration Costs Higher Than Expected, and More
A roundup of key updates from major broker-dealers, registered investment advisor custodians and other distributors.
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April 30, 2021
LPL Adds 385 FAs, $24B in Recruited Assets in Q1
But the firm’s net income was nonetheless 17% lower year-over-year.
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April 29, 2021
RayJay's FA Hiring Push Pays Off, Client Assets Up 40% YoY
The company’s Private Client Group added 94 financial advisors in the first three months of 2021, after a net decrease of six advisors in the last three months of 2020.
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April 28, 2021
UBS Counting On ‘Freemium’ Product to Grow Advisor Biz
“It certainly gives our financial advisors a competitive advantage when competing against other advisors,” according to a person familiar with UBS’ earnings.
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