The Practice: Fees and compensation
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June 14, 2019RIA AUM Growth Slowed Substantially in 2018Nonetheless, revenue growth remained mostly on pace.No Comments
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June 14, 2019Why Ex-Legend Advisors Are Suing CeteraThey believe the companies unfairly stopped paying them overrides on their books of business.No Comments
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June 14, 2019Fired Merrill Lynch Rep Suspended Over Alleged Cryptocurrency MiningThe wirehouse allegedly discharged Kyung Soo Kim over failure to disclose the outside business activity.No Comments
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June 14, 2019Merrill Lynch Loses Two FA Teams to This RivalThe teams collectively managed over $340 million.No Comments
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June 14, 2019Morgan Stanley and UBS Both Lose Reps to This RivalSteward Partners has added two advisors collectively managing close to $200 million at the two wirehouses.No Comments
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June 13, 2019Merrill Lynch Counting on a Boost in Household Clients This YearTwo years ago, the wirehouse introduced compensation changes that rewarded FAs for adding household clients and punished them if they failed to do soLast Comment: June 13, 2019
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June 13, 2019Merrill Lynch FAs Receive $3M Whistleblower Award Over Structured Notes SalesThe wirehouse paid a $10 million fine in 2016 over the sales of the product.No Comments
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June 12, 2019Morgan Stanley’s Flatlining FA Roster is “By Design,” Says Wealth Unit HeadThe wirehouse has been “very good” at retaining assets serviced by exiting FAs, the executive says.No Comments
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June 11, 2019The Big Problem with 401(k) Plan Clients That Could Lose You Business401(k) advisors could fall victim to a gap in understanding between employers and enrolled employees.No Comments
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June 11, 2019Navigating Compliance Amid SEC’s Reg BI and State Fiduciary RulesThe SEC has stopped short of preempting state fiduciary rules.No Comments
