The cases involving advisors who tried to find loopholes to boost their AUA and, thus, remuneration, reveal that the system we have in place is effective
Total compensation costs and benefits not expected to fall significantly
Hefty retention bonuses now come with vested stock options
Firms are shelling out a pretty penny to get top financial advisors
Rule would require U.S. brokers to tell their clients about any big bonuses they receive when they change firms
Second progress report on compensation practices published
Aim is to eliminate false incentives, make compensation transparent
Deposit-taking institutions need to do much better when it comes to advisors' compensation structures
Although advisors have built up their assets under management over the past year, their pay is either going down or stagnant. Advisors also are dissatisfied with reward and recognition progams
Some of the firms that have tweaked their compensation programs were punished, while those that maintained a steady grid were praised