Summary: Financial advisors are buzzing these days with long-needed discussions about fee structures and the way clients pay advisors for their services. But setting a fee structure is only half of the equation. The other half is the distribution of compensation throughout the firm, from support staff to ownership.
 In designing an ownership compensation plan, advisors should keep in mind the concept of “simple, not simplistic.” The clearer and simpler a plan is to understand, the more smoothly it can be implemented, followed and updated as the business grows and evolves."Matt Matrisian, senior vice president of practice management and strategic initiatives, AssetMark. |
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