Tag: Compensation

Practice Management January 12th, 2023

Nonqualified Deferred Compensation Plans Increasingly Include Noncompete Clauses

Employers are leveraging NQDCs for retention use at increasing rates, with 30% having a noncompete provision.

Investing December 12th, 2022

Investment Advisers Seek Talent Amid Staff Shortage

Investment advisers are prioritizing talent acquisition and retention due to client growth and strong business performance, according to Charles Schwab.

Data & Research November 18th, 2022

Sharp Year-End Decrease In Bonuses Expected for Financial Sector

In the financial services sector, base salaries increase 4% to 5% for the second straight year in 2022, while bonuses are set to fall amid volatile markets, according to Johnson Associates.

Trends

Talent Management Trends

Firms are rethinking strategies, with a focus on serving more diverse clients.

Compliance January 7th, 2019

Compensation Definition and Plan Docs at Heart of ConAgra ERISA Lawsuit

The complaint stems from defendants’ alleged refusal to pay post-termination benefits to the plaintiff—and a sizable similarly situated class of would-be beneficiaries—pursuant to terms and definitions in plan documents.

Compliance September 27th, 2018

PANC 2018: DOL Audits of Retirement Plan Advisers

The DOL wants to ensure that retirement plan advisers are delivering on all services listed in their contracts with retirement plan sponsors.

Practice Management October 25th, 2017

2017 PLANADVISER National Conference Polling Insights

Presented here are the results of several dozen live polling questions fielded at the 2017 PLANADVISER National Conference, gathered during three days of highly detailed discussion of industry trends, challenges and best practices.

trendspotting

Enough With Falling Fees

Elite advisers are better-defining their value

Products September 20th, 2017

Mesirow Financial Launches Level Compensation Platform

The firm will provide 3(21) and 3(28) services through a tech-focused solution.

Products August 22nd, 2017

A Closer Look at the BICE

A new report, “Everything You Wanted to Know About BICE But Were Afraid to Ask,” offers plan officials key insights on the requirements of the fiduciary rule and the best-interest contract exemption.

Practice Management August 9th, 2017

Average Age of Advisers Ticks Down

But, as the ranks of advisers nearing retirement grows, there is a need for formal succession plans, TD Ameritrade says.

Deals & People June 28th, 2017

LPL Retirement Leader Departure Reflects an Evolving Adviser Industry

There are some important implications for the future of the retirement advisory industry in the organizational history of LPL Financial’s retirement arm and its acquired businesses, particularly NRP.

Products June 8th, 2017

Nationwide Rolls Out Fiduciary Rule Compliance Tools

Nationwide’s new DOL website will offer retirement plan advisers a suite of tools to help them navigate an evolving regulatory space.

Products June 5th, 2017

UBS Signals Commitment to Asset-Based Compensation

UBS will offer multiple ways for retirement account clients to pay their adviser, including through asset-based and commission-based structures, beginning imminently.

Investing May 26th, 2017

Understanding Share Classes in DC Plan Funds

In the midst of ongoing litigation regarding excessive fees, plan sponsors need an understanding of the different fund share classes available and how they affect fee structure.

Practice Management May 1st, 2017

Product Restrictions, Platform Limitations, Drive Adviser Attrition

New Cerulli Associates research identifies “pain points” at the root of advisers’ decisions to change firms—and what leadership can do to address staff concerns before losing key advisers.

Practice Management December 19th, 2016

A Year of Opinion from PLANADVISER Magazine

Few know the Employee Retirement Income Security Act (ERISA) as well as ERISA attorneys; at PLANADVISER, we’re lucky to rely on some of the best in the business for insight and analysis.

Practice Management November 2nd, 2016

Cambridge Will Keep Supporting Commission-Based Retirement Accounts

While a handful of firms are moving away from commission-based retirement accounts in light of the DOL’s fiduciary rule, Cambridge Investment Group says it will keep supporting these accounts as it develops its own fiduciary strategy for its advisers.

Compliance October 27th, 2016

NTSA Adopts Policy to Apply Fiduciary Rule to Governmental 403bs

“This policy is in keeping with NTSA’s long-standing support for effective and clear disclosure of fees, compensation and alternatives within 403(b) plans,” says NTSA Executive Director Chris DeGrassi.

Compliance October 27th, 2016

Detailed Fiduciary Rule FAQ Published By DOL

Acknowledging that “smart regulation is only as effective as its implementation,” the DOL has issued extensive guidance for advisers and providers seeking to comply with the new conflict of interest standards and prohibitions.