UBS is raising revenue thresholds so that many brokers must produce more to match 2019 pay, with minimums rising by $200,000 at the 39%, 42%, 49% and 50% payout levels.
Greensboro duo believe their practice-acquisition and succession ambitions will be better met at Cetera’s Summit unit than at the much-larger LPL.
Will charge $750 to $2,000 a month to brokers who manage portfolios on discretionary fee platform to help offset development and regulatory costs, but some advisors say they are bearing the brunt of revenue-sharing declines.
Paul Volcker, the former Federal Reserve chairman who broke the back of U.S. inflation in the 1980s and three decades later led President Barack Obama’s bid to rein in the investment risk-taking of commercial banks, has died.
This Week’s Top Stories: Finra Suspends Broker Over Spousal Accommodation, LPL Nabs $550-Mln Practice, $12.5 Mln UBS Producers Hop to RBC, and Other News
Most popular stories from December 1 to December 7
After a single day of evidence, arbitrators tell Edward Jones and Nevada broker who moved to Ameriprise to have a court dissolve an order restraining his customer solicitations.
New role overseeing services for registered investment advisors with under $100 million aims to calm concerns that Schwab will give the smaller RIAs short shrift.