Fee-based compensation

In releasing their annual snapshot, state securities agency officials pledged to provide clarity around the compliance headache for small practices.

In a bid to attract clients left out by AUM fees, IBDs are enabling advisors to take approaches first made popular in the full RIA channel.

Planners and experts dive into wirehouse pay, charging clients at a higher rate, emerging business models and other key issues.

Lower transaction costs can often come with higher expense ratios at the nation’s largest IBD.

The number of advisors registering with FINRA has fallen since 2016, as more planners elect a fee-only model.

The firm is dropping management fees on robo accounts with $10,000 to $50,000, turning to a minimal per-month charge instead.

The list shows how firms of all sizes face a pivotal balancing act in seeking to recruit and retain advisors.

The widespread popularity of the compensation descriptor, long ballyhooed by RIAs, ultimately proved problematic for the CFP Board which has updated its standards.

In a sign of long term changes and pivotal questions for the industry, the difference between the amount of fees and commissions in the sector has nearly doubled.

This interactive tool provides the full collection of data from Financial Planning's 35th annual study of the largest firms in the space.

The wirehouse says it wants to simplify pricing for separately managed accounts and expand client choice.

Still, clients continue to invest their assets into the industry’s cheapest funds and are saving billions as a result.

The change is one of several made to the board’s disciplinary reporting process following a report by an independent task force that found “systemic, long-standing, governance-level weaknesses.”

The clearing and custody giant isn’t saying which company paid it a notable breakage fee this quarter.

One wealth manager expects his income to drop by at least $30,000 this year, according to a new Arizent survey. Technology usage is also soaring and some companies’ lack of preparedness is revealed.

To hear some regulators tell it, “commission” is code for churning — but the fee-based vogue gives rise to reverse charges, writes Mark Elzweig.

As a longtime proponent of flat fees, I see a lot of pain ahead for firms that rely solely on assets under management.

Senior officials are growing wary of how firms are trying to recoup revenue amid the "race to zero" commissions.

Restoring fee-model disclosures to its website is just the first step in correcting the organization’s “monumental failure,” according to fiduciary watchdog Ron Rhoades.

The decision does not diminish the board's conviction that consumers have a right to know how they are paying for products and services, writes the former board chairwoman.