things to know
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 …
Pershing, Fidelity Enhance Model-Portfolio Technology
Text size JB Reed/Bloomberg More and more financial advisors are relying on third-party model investment portfolios for their clients, and custodian firms have been paying attention. Two such firms, Pershing and Fidelity, have unveiled technology that aims to make using model portfolios easier for advisors, InvestmentNews reports. BNY Mellon Pershing Monday announced a new digital …
