Wells Fargo Rolls Out Simplified 2020 Comp Grid for FiNet
The firm will no longer factor in the trailing 12-month revenue of individual advisors within a practice but rather take into account the entire team’s T-12 revenue.
December 6, 2019
Deep Dive on Elite RIAs' Custody Relationships Amid Schwab-TD Deal
FA-IQ analyzed custodian data from the 2019 Financial Times Top 300 RIAs.
States with Fiduciary Rules Will Drive Brokerage Businesses Away: Sifma
Cost of Regulation Best Interest prep is nearing eight figures for some firms, the group’s CEO says.
Wells Fargo Loses More Advisors to Raymond James
Todd Hamilton and Robert Thompson previously managed $330 million.
UBS Trader Charged with Manslaughter Sued By Dead Man’s Family
The estate of Kenny Mitchel, the hotel worker who died after a struggle with UBS advisor Scott Hapgood, is seeking damages of more than $75,000.
LPL Offers Some FAs Free ETF Trading from Three Providers
Advisors on two of LPL’s platforms will have access to no-transaction-fee trading in ETFs from State Street Global Advisors, Invesco and WisdomTree.
FA Charged with Running $560K Ponzi-Like Scheme
Lester Burroughs also has 14 customer complaints related to insurance policies and annuities.
Massachusetts’ Galvin Posts Revised Fiduciary Rule
The amended rules would impose sanctions on broker-dealers and investment advisors failing to uphold their fiduciary duty.
Friday Factoid: Bank Channel Advisors Absolutely Love This Portfolio Strategy
They use it three times as much as other advisors.
Oh My! Shops Lure Advisors With Spiders, Dogs and Dragons!
Advisors attending conferences are often hundreds of miles from their children, grandchildren and fur babies. Stuffed animal swag captures the attention of advisors looking for something to bring back to their kids and pets, industry pros say. Plus, mascots help firms tell their stories in a memorable way, they say.