Commission-based compensation

The rule has cost the firm tens of millions of dollars in compliance and lost revenue.

Only about 5% still charge them, according to a Financial Planning study.

Firms still rely heavily on commission income despite drops last year.

Commissions-based compensation models are losing ground to fee-based ones. But for broker-dealers, the switch isn’t something to be entered into lightly, Michael Kitces writes.

Commission-based investors want to keep their accounts, regardless of the fiduciary rule.

CFP candidates should consider a well-rounded college or graduate school education in professional sales.

The adviser reversed course after Merrill Lynch unveiled plans to phase out commission-based retirement accounts as part of its plan to comply with the Department of Labor's fiduciary rule.

Though some say the rule's future is in doubt, the firm is going ahead with sweeping changes it hopes will make its advisers more competitive.

That's just one solution among several that will help prepare your firm for success now and in the future, columnist Bob Veres says.

A $650M firm serving HNW clients wanted help "navigating regulatory change."

"We fully expect to offer a range of options to help our clients," CEO Paul Reilly said.

Fee-only advisors seek clarification from the DoL on compliance requirements.

News that LPL may be looking for suitors comes at a time of financial pressure for the country's largest independent broker-dealer.

These independent broker-dealers generated the most revenue from commission-based accounts.

Strategies for advisers looking to get the most out of their pay packages, according to two leading industry experts.