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Schwab Starts Squeezing Recruiters
Looking to save cash, Schwab Advisor Services is changing the "soft dollar" split it uses to compensate recruiters who bring RIAs into its fold.
Ex-LPL Rep Suspended For Fee Evasion Scheme
The advisor, Raymond Alagao Velasco Sr., allegedly concocted an elaborate scheme in which clients could avoid the fees incurred on annuity surrenders.
Where Is Your Compensation Going In 2021?
The present trend in advisor compensation of applying tweaks, rather than imposing major changes, seems likely to continue this year. Slow and steady.
Schwab Ameritrade Aggressively Hiring Service Staff
Charles Schwab and TD Ameritrade are actively and aggressively hiring service staff in their advisor custody units to keep up with surging demand.