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 ...

The message from the wirehouse when it comes to pay is consistency, with the firm disclosing that there was no change to its grid, or the pay system based on a financial advisor’s production of ...

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 ...

Wells Fargo’s brokerage unit is making it easier for advisors to qualify for a higher pay rate, but reducing some payouts on small accounts as part of its financial advisor compensation plan for 2025.

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 ...