Advisors
Pandemic Places Increased Focus on Compensation and Technology for Advisors Considering Switching Firms
BOSTON–(BUSINESS WIRE)–Fidelity Institutional today announced the results of its 2020 Advisor Movement Studyi, which found that the COVID-19 pandemic has increased how influential compensation and technology are in advisors’ decisions to move firms. Four in 10 advisors surveyed agree that industry-wide digital enhancements due to the pandemic have made it easier to move firms; however, …
Coronavirus live updates: As coronavirus hospitalizations climb, Trump sidelines health advisors
July 9, 2020 at 2:46 PM EDT WHO acknowledges possibility that the coronavirus lingers in the air The World Health Organization on Thursday updated its description of how the coronavirus spreads, noting that it may linger in the air — particularly in indoor settings with poor ventilation — and calling for more research. The tweak …
Coronavirus live updates: Unemployment could hit 20% says White House advisors
Ethan Weiss, a San Francisco-based cardiologist, was worried. For the past two weeks, Weiss had been in New York, the epicenter of the U.S. coronavirus outbreak, volunteering at hospitals to help care for patients infected with the novel virus. But as Weiss tells it, he was about to face an even more daunting task this …
Wells Fargo Gives Advisors a Break on New Pay Policy
Text size Photograph by Manjunath Kiran/AFP via Getty Images Wells Fargo’s retail brokerage is making an adjustment related to advisor compensation in light of the coronavirus pandemic, which has roiled financial markets and likely depressed the value of clients’ holdings. For 2020, Wells Fargo Advisors had changed advisors’ cut of revenue from households with AUM …