Riding on the coattails of a near 30 percent rise in the S&P 500 last year, financial advisors saw their compensation grow by 16.5 percent in 2013 to an average $240,000, according to REP.’s annual advisor compensation survey....More
Only one-fourth (26 percent) of advisors started their professional lives in the industry; the majority came into the profession after spending time in another career, according to REP.’s annual compensation survey.
Jan and Chuck Morris took most of the money in their retirement accounts and invested it in something most financial advisors would regard as even more risky than stocks: a small business start-up, specifically one making artisanal gin and whiskey....More
Financial advisor compensation continues to go up and up and up. WealthManagement.com Editor-in-Chief David Armstrong says to expect that to continue reflects blind faith and a denial of reality....More
A California man was forced to pay $22 million after the SEC caught up with him. Closer to home, a former advisor employed with Citigroup and First Allied landed in jail after his partying ways turned less-than-legal....More