BofA Broker Files Gender Bias Complaint
A female broker accused Bank of America (BofA) of gender bias by offering female former Merrill Lynch brokers lower retention payments than their male counterparts.
Tag: Compensation
Northwestern Mutual Faces Overtime Suit
Three former financial representatives of Northwestern Mutual Life Insurance Co. have filed a $200 million lawsuit against the company for failing to pay them overtime wages under California...
Cerulli: Fee-Based Compensation Goes Up, Revenue Goes Down
The fee-based revenue model for advisers shows cracks because of volatile markets, according to research from Cerulli Associates.
Merrill, Smith Barney Change Broker Compensation
Both Merrill Lynch and Smith Barney have trimmed their payout amounts for lower producers.
IMHO: Discontent “Ed″
In another week (or so), PLANSPONSOR will publish its annual Defined Contribution Survey.
Perspective: Establishing Fees
In part two of our series on incorporating financial planning services into qualified plans, we’ll analyze profitability margins and work on setting competitive market rates for plan participants.
regulatory radar
Traps for the Unwary
Advisers need to get to work now to comply with new Form 5500 requirements
trendspotting
Lopsided Equation
Cerulli report says fee-based compensation increases, but revenues are down
Report Provides Suggestions for Improving Sales Compensation
A new report finds that the range and composition of sales compensation varies significantly among asset management firms.
Merrill to Offer Better Bonuses to Advisers
Merrill Lynch has launched a new 2007 Focus on Growth bonus program for its 15, 700 financial advisers, through which its advisers will be eligible to receive payouts...
Pay Check
Sometimes, tracking your income can be the hardest part of serving the retirement plan market