Portfolio

In two recent moves, the firm promoted one of its own to regional director and lured another back from AllianceBernstein.

Global equities notched their largest monthly gain since at least 1988, while multiple major benchmarks are at or near all-time highs.

Advisors will face a drastically changed industry landscape and Schwab, already an industry leader, will play an even more outsized role in the marketplace.

This year’s report on advisor compensation shows how RIAs and IBDs are attracting, retaining and rewarding talent.

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.

Coronavirus has accelerated trends in advisor compensation as firms move to an ensemble model and enhance their benefits packages.

The advisors know RBC’s Pittsburgh complex director from earlier in their careers, when all three men worked at Smith Barney.

The 20 mutual funds and ETFs on this list have an average fee of roughly 111 basis points.

The low interest rates pushing down sales across most fixed and variable lines are also boosting certain products.

The wealth management firm says the pandemic has proven how invaluable the benefit is for retaining talent.