A wirehouse that has lost more than 1,200 financial advisors from its headcount over the past 12 months is trying to help boost its retention by launching a simpler pay grid next year. While Wells ...

After rival Merrill Lynch made slight changes for higher compensation as part of its 2022 broker pay grid and J.P. Morgan ... of advisors with UBS Wealth Management Americas has fallen in recent ...

Morgan Stanley is boosting the payouts it offers advisors who refer clients to other segments of the company. Beginning next July, advisors who refer clients to Morgan Stanley’s corporate ...

Wellington-Altus executives confirmed that the grid hasn’t changed ... Wood Gundy advisors said their pay was fair and had improved in recent years. Ed Dodig, executive vice-president and head of CIBC ...

"Is that a pay cut? No. It's an investment in priorities." Next year's grid also enhances compensation ... Laying off advisers is a rarity in the wealth management business as their jobs is ...

both for the lack of changes to the payout grid and for the new incentives for selling the products clients are asking for, said Mark Albers, president of the wealth management recruiting firm ...

Bank of America's decision to move 300 Merrill Edge advisers into its Merrill Lynch Wealth Management branch offices ... When it rolled out its 2019 pay grid last July, it said advisers who ...

Merrill Lynch financial advisors' pay structure will ... you they heard that the grid is going away, is lying to you." Bank of America's wealth and investment management arm has some 19,400 ...

Together, these pay updates reflect the industry racing to recruit and hold onto top talent. Merrill Lynch Wealth Management and ... version of the so-called grid that pays based on factors ...

However, the firm did sweeten a bonus thus providing advisors an opportunity to offset the pay cuts with different incentives. Like other brokerage firms, UBS uses a grid to determine advisor ...

Some observers speculated that the switch to a single payout grid was designed to eliminate the perception of potential conflicts of interest. Next year, the independent contractor unit of Raymond ...