Paternity leave

They say banks have good policies but discourage use of them.

The $5 million payment will be shared among other fathers employed by the firm who also missed out on a 16-week parental leave benefit.

Many small firms still don't offer this important benefit to their employees, but it’s time for that to change, says advisor Douglas Boneparth.

“The industry has not done any favors to young advisors,” says independent advisor Douglas Boneparth.