Seven in 10 broker/dealer advisors say they’re satisfied with their current compensation packages, yet more than half of wirehouse advisors (62%) indicate their compensation plans are overly complex, ...

According to the most recent data from the Bureau of Labor Statistics (BLS), financial advisors have a median annual salary of $99,580 in 2023, which is significantly higher than the national average ...

Every year, advisors anticipate changes to the compensation grids that determine how much they'll be paid for their production. A new report says those at wirehouses are often unhappiest with the ...

Bradford Smithy, CIMA, is a founding partner at Elevation Point, where he leads the firm's wealth management business. With more than 30 years of wealth management experience, Smithy champions advisor ...

Wells Fargo Advisors continues to tinker with its compensation plan for advisors, this time focusing on a series of changes to its fee on advisory programs that could add to or subtract from financial ...

Major financial industry thought leaders, like Michael Kitces and Bob Veres, have written about the growth of incorporating fiduciary standards and fee-for-service structures as important developments ...

The financial planning industry needs 70,000 new advisors in the next five years just to keep up with growth in the number of people seeking advice on everything from homebuying to retirement. And ...

Competition for talent among registered investment advisors is fierce, and Charles Schwab identifies three core areas in what it calls the employee value proposition: compensation; benefits; and the ...

Learn how independent financial advisors operate.

Just weeks after losing a $1.1 million arbitration award to former advisors in a fight over deferred compensation, Morgan Stanley on Monday defeated a similar lawsuit from eight former brokers who ...

Working with a financial advisor can help you gain a better understanding of your situation and develop a plan for making the most of your money. Financial advisor services are not free, however, and ...

Some financial advisors might charge a hefty fee, treat you to lunch, and ask for referrals while still managing your ...