RIAs rethink compensation, benefits amid pandemic.

As RIAs slog through a year marked by a pandemic, economic volatility and a rapid transition to all-remote work, many firms have been rethinking their approach to advisor compensation. Many firms that custody with Charles Schwab are moving away from individual incentives, and instead aligning bonus compensation with specific team or firm initiatives, according to Salvi. "We still see a lot of incentive compensation happening, and I think firms are getting pretty sophisticated with how they tie compensation to key initiatives at the firm.". [Extracted from the article]

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