The Practice: Fees and compensation

Corporate Bond ETFs' Hidden Cost: 48 Bps

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New research calls for greater regulatory oversight of the relationship between ETF issuers and authorized participants.

LPL's FA Headcount Jumps 9% YoY

August 3, 2022No Comments

However, the firm saw steep drops in both its advisory and brokerage assets, with the total falling by 8% compared to March and by 4% year-over-year.

Here's Why Advisors Think They're Successful

August 2, 2022No Comments

Male and female advisors approach the impact of other people on their success quite differently, according to survey findings.

Home Office News: Morgan Stanley Simplifies Fees, Merrill Gaining More Clients Under 40, and More

July 29, 2022No Comments

A roundup of key updates from major broker-dealers, registered investment advisors, custodians and other distributors.

RayJay Private Client Group Pre-Tax Income Up 29% YoY

July 28, 2022No Comments

The unit saw healthy growth in revenues despite a significant drop in client assets during its fiscal third quarter that ended in June.

Ameriprise Client Assets Down 9% but Earnings Up 16% YoY

July 27, 2022No Comments

The firm also continued adding financial advisors in the second quarter.

Stifel Client Assets Down 6% but Income Up 8% YoY

July 27, 2022No Comments

The firm’s advisor ranks remained flat from the end of March, meanwhile.

SEC’s Gamification, Order Flow Scrutiny ‘Silly’: Robinhood Exec

July 26, 2022No Comments

Dan Gallagher — who left the commission for the private sector in 2015 — said that the regulator's proposed rulemaking related to the January 2021 meme-stock frenzy makes him laugh.

UBS Americas Wealth Biz Sheds FAs in Q2, Profit Down 21% YoY

July 26, 2022No Comments

The bank also revealed that it’s under investigation over its employees’ use of unapproved communication channels.

Private Advisor Group to Pay $5.8M Over Fees, Share Class Selection

July 25, 2022No Comments

The company allegedly failed to disclose conflicts of interest and breached its duty to seek best execution.