September 9th, 2009
New York Attorney General Andrew Cuomo’s office is again requesting
information from Bank of America (BofA) as part of an ongoing
investigation into its January 1 acquisition of Merrill Lynch.
September 4th, 2009
The Investment Company Institute (ICI) is pushing the U.S. Supreme
Court to stick with the established legal framework when evaluating
claims that a mutual fund’s investment adviser has received excessive
August 31st, 2009
The Securities and Exchange Commission (SEC) has encouraged broker/dealer (B/D) bosses to rein in their reps.
August 30th, 2009
Next week PLANSPONSOR and PLANADVISER will open nominations for our Retirement Plan Adviser of the Year awards.
July 7th, 2009
A recent survey found that financial advisers are moving toward fee-based service and emphasizing holistic advice more than last year.
June 26th, 2009
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.
June 26th, 2009
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 and federal law.
Data & Research
January 23rd, 2009
The fee-based revenue model for advisers shows cracks because of volatile markets, according to research from Cerulli Associates.
December 30th, 2008
Both Merrill Lynch and Smith Barney have trimmed their payout amounts for lower producers.
November 15th, 2008
In another week (or so), PLANSPONSOR will publish its annual Defined Contribution Survey.
June 10th, 2008
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.
November 8th, 2007
A new report finds that the range and composition of sales compensation varies significantly among asset management firms.
December 30th, 2006
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 equal to as much as 30% of their revenue.
October 29th, 2006
Sometimes, tracking your income can be the hardest part of serving the retirement plan market