Fee-based compensation

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.