: :inin Kyiv (EET)

FINANCIAL ADVISOR INSIGHTS: On Wall Street, Cost Cuts Aren’t Preventing Bigger Broker Bonuses


FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors. Big Brokerage Firms Are Starting To Spend More Money On Bonuses (The Wall Street Journal) Most major brokerage firms have been focusing on cutting overall costs. However, they spent more on bonuses in the fourth quarter, reports Michael Wursthorn. Much of this has to do with retention. There’s been a huge trend of advisors leaving the big firms in favor of opening up their own smaller practices as of late. Big brokerage houses are working to come up with alternative …read more

Source: Business Insider

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