Broker Bonuses

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  Wirehouses Embrace FINRA Broker Bonus Plan

  By Melanie Waddell, AdvisorOne  |  March 14, 2013

  Three wirehouses have given their OK to FINRA’s plan to require that brokers’ recruitment packages be disclosed when they switch firms.

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  FINRA’s Broker Bonus Rule Seen as ‘Done Deal’ With SIFMA OK

  By Melanie Waddell, AdvisorOne  |  March 6, 2013

  Securities lawyer Patrick Burns told AdvisorOne that with SIFMA's support, the “proposal’s chances of becoming a new rule seem to be a done deal.”

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  Morgan Stanley Bonus Deferment Seen as Warning Shot

  By Janet Levaux, AdvisorOne  |  January 16, 2013

  The plan does not affect financial advisors this year, but could be a sign of things to come industrywide, experts say.

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  Brokers Angered Over FINRA’s Bonus Disclosure Plan

  By Melanie Waddell, AdvisorOne  |  January 11, 2013

  Brokers and advisors wasted little time weighing in with their emotional comments on FINRA’s controversial plan to require brokers to disclose their recruitment compensation packages.

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  What’s Behind FINRA’s Newfound Move on Disclosing Broker Bonuses?

  By Bob Clark, AdvisorOne  |  January 11, 2013

  A cynical observer might think the impetus for the newly "fiduciary conscious" FINRA's proposed rulemaking was to discourage brokers from demanding bonuses when they switch broker-dealers.

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  FINRA Advances Bonus Disclosure Plan for Brokers

  By Melanie Waddell, AdvisorOne  |  January 7, 2013

  FINRA fulfilled its promise to seek comments on its controversial plan to require brokers to disclose their pay packages.

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  FINRA Reaches for Feedback on Broker Comp Disclosure Rule

  By Melanie Waddell, AdvisorOne  |  December 10, 2012

  FINRA’s board announced Friday that it would seek comment on its controversial plan to require brokers to disclose their compensation packages to clients.

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  Should Advisors Have to Disclose All Pressures to Maximize Revenues?

  By Bob Clark, AdvisorOne  |  November 13, 2012

  The fiduciary and broker bonus debate revisited, with the help of Ron Rhoades. Should RIAs have to disclose their salaries and bonuses?

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  The Bonus Debate

  By Bob Clark, AdvisorOne  |  October 31, 2012

  Much as I believe that investors everywhere would benefit from a level playing field between RIAs and brokers, the disclosure of recruiting bonuses would be over the top.

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  Should Brokers Be Forced to Disclose Their Bonuses to Clients?

  By Gil Weinreich, AdvisorOne  |  October 30, 2012

  SEC Chairwoman Mary Schapiro in 2009 wrote a letter to broker-dealer CEOs warning them about recruiting brokers with high upfront bonuses.