Financial advisor income increased the most in these cities
Data crunched by SmartAsset suggests some areas enjoyed the largest increases in median annual compensation. The No. 1 metro area saw a 101% hike in pay.
Source: financial-planning.com
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Advisor pay expectations in 2023 | Financial Planning
Here are the trends in individual broker pay for wirehouses and large regional and national broker-dealers in 2023.
Source: financial-planning.com
Centennial Bank's Happy State Bank joins Ameriprise
Happy State Bank's move after Centennial Bank's acquisition of the firm highlights frenzied action in a large but still relatively nascent channel of the industry.
Source: financial-planning.com
FINRA report shows first increase in broker numbers in years
But the firms continue to close faster than new ones open, suggesting consolidation remains an industry trend.
Source: financial-planning.com
First Republic sale to JPMorgan could slow, then speed wealth advisor departures
Although First Republic advisors appear relieved by the restoration of stability in coming under the megabank's umbrella, looming culture clashes could bring more attrition — from both the incoming advisors, and those they're joining.
Source: financial-planning.com