Industry

Financial Planning surveyed its readers to ask about compensation trends, their current structure and any changes their firm was making. We found some of the answers surprising.

The billions firms spend on technology are weighted too heavily toward infrastructure, Aite Group says, and not enough on client-facing upgrades instead.

Convincing advisors "why they should stay" and continue to grow with Cetera will be a priority for Ballard.

A 33-year industry veteran heads the three-member group.

The firm recruited three advisors to its employee and independent channels from rivals Edward Jones, Wells Fargo and MetLife Securities.

A father-and-son team from Janney Montgomery Scott joined the wirehouse.

John Horner will succeed Craig Delany, who announced his retirement last month.

When it comes to actual dealmaking, using multiples is a dangerous and irresponsible way to value RIAs.

Dwight Freeney, who played with the San Diego Chargers last season, claims the bank set him up with an unqualified private banker and her "notorious financial predator" boyfriend, according to court documents.

The two advisors were banished from the industry late last month for allegedly stealing money from customers, joining nine others who have been barred by FINRA so far this year.