March 4, 2021
Waddell & Reed to Slash 219 Jobs
The company has also abandoned plans to move into a new headquarters building.
No Comments
March 4, 2021
Schwab: Advised Self-Directed Accounts Underperformed Non-Advised Accounts
While advised and non-advised accounts on average had similar holdings, advised accounts had more diversification, less concentration and bigger balances in the fourth quarter, according to Charles Schwab.
No Comments
March 4, 2021
SEC to Prioritize Reg BI Compliance, Order Routing in 2021 B-D Exams
Environmental, social and governance-related issues will also be a focus, and proxy voting policies and business continuity plans will be scrutinized.
No Comments
March 4, 2021
Edward Jones Luring Experienced FAs with Portable Assets-Based Pay
The new transition compensation structure was officially rolled out in mid-February.
No Comments
March 3, 2021
Roles with Biggest Pay Bumps at Advisory Firms
More advisory firms are raising their compensation packages to attract and retain talent, and more are offering equity ownership, according to Charles Schwab.
No Comments
March 3, 2021
Fidelity’s AUA Up 17.9% YoY
The firm also grew its retail client accounts by 17.1%.
No Comments
March 2, 2021
Robust Planning Process Bolsters FAs' Ability to Charge Separate Fees
Transcript Video [ 3:26 ]
Justin Duft, director for advanced planning at Commonwealth Financial Network, says switching to separate planning fees from an asset-based fee can be a hard conversation to have with clients.
Transcript Video [ 3:26 ]
No Comments
March 2, 2021
Infographic: The Costs of Going Independent
Breaking away from a wirehouse for the independent channel can mean some real changes in compensation, but the comparison can be complicated. This infographic breaks down the differences.
No Comments
March 2, 2021
Ex-LPL FA Who Prepared Will for Client Broke Outside Biz Rules: Finra
Finra alleges that the former LPL Financial advisor billed the family of an elderly client for a will that the FA says he downloaded from an online legal website.
No Comments
March 2, 2021
Bolton Securities Settles with SEC for $450K Over 12b-1 Fees
The company allegedly failed to adequately disclose how the fees were funneled to its affiliate broker-dealer, among other infractions.
No Comments