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Finra orders Morgan Stanley to pay ex-brokers roughly $3M
An arbitration panel rules in favor of former advisors who claimed the firm had delayed compensating them for their work, violating ERISA rules.
Ken Van Leeuwen works with clients in two underserved niche areas
The adviser targets younger corporate executives and parents whose children have special needs.
OneDigital acquires benefits consultant and adviser
The deal for Florida-based Fulcrum Partners will expand the footprint of the giant insurance broker’s registered investment adviser.
Solving for insolvency
The heightened risk of corporate bankruptcy amid the pandemic poses a threat to savings held in nonqualified deferred compensation plans
Court upholding $6 million award against Credit Suisse could bolster clawbacks
Arbitration lawyer says decision sends signal to ‘Wall Street bullies’; Credit Suisse points to wins in other cases
Finra arbitrators award $2.1 million to four former Credit Suisse reps
The loss is another in a string of setbacks for the firm on deferred compensation disputes
Wells Fargo to pony up $79 million in deferred compensation settlement with advisers
Class action complaint alleges broker had been cheated out of deferred compensation
Credit Suisse hit again as Finra panel sides with second former broker on deferred compensation
The award follows a similar award last month when former Credit Suisse broker Brian Chilton was awarded $844,621 in deferred compensation.
Take another look at nonqualified deferred compensation plans
These plans are capable of generating significant wealth because they allow assets to compound tax-free over time.
Design of ‘top hat’ plans benefits high earners
Originally designed to allow a company's highest-paid executives to defer their annual cash bonus, nonqualified deferred-compensation plans have evolved into flexible, multiuse executive retirement plans — with investment options similar to their qualified-retirement-plan counterparts.
Deferred compensation could be next casualty, advisers fear
Deferred-compensation plans, one of the last ways for middle-level managers to save enough money for retirement, may be…
