 Treat advisers as independent business units. Think about their contribution and how to enable them to do better.”Grant Rawdin, founder and CEO of Wescott Financial Advisory |
Best new compensation plans for advisers
Michelle Zhou | Financial Planning, November 2016
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Summary: Compensation makes up the single largest cost for RIAs, according Schwab’s most-recent RIA Benchmarking Study, yet many firms do not have a well-defined incentive package in place to reward and retain talent.
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