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Compensation 2021


Analysis conducted by Tasnady & Associates. ....

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Recently In The News

Why IBDs Are Changing Their Recruiting Deals
Feb 2022

....Similarly, Andy Tasnady, managing partner of Tasnady Associates, told ThinkAdvisor by email Monday that the moves by LPL and now Commonwealth “makes sense now that the retail investment world (and its revenues) are now fee-based rather than the older school transaction (trade) based.” ....

Read more at ThinkAdvisor

Merrill's New Training Program: Less Selling, More Coaching, Plenty of Skepticism
Jan 2022

....Offering a more optimistic take was Andy Tasnady, managing partner of Tasnady Associates. “A new, shorter trainee program can work (at least for Merrill Lynch’s goals), as long as it still delivers on the new, somewhat less demanding training process required,” according to Tasnady. ....

Read more at ThinkAdvisor

  2022 COMP: UBS Retools Broker Pay Grid and Bonuses, Raises Pressure on Low Producers
Nov 2021

....“It sounds like it will be a simpler design for the future, but the impact is going to be customized for each individual on each team for each length of service and production level,” said compensation consultant Andy Tasnady, who was briefed on the plan by a reporter. “Every person is going to have to evaluate the impact.” ....

Read more at AdvisorHub

  J.P. Morgan Advisors Gives Broker Comp a Facelift, Adds Sunsetting Program
Oct 2021

....“This certainly aligns with more standard industry comp practices,” Tasnady said. “They want to compete more aggressively in recruiting, which will be easier to do if prospects are comfortable with their new plan policies.” ....

Read more at AdvisorHub

  RayJay: No Changes to Broker Comp for 2022
Sep 2021

....The expectation is that many firms will likely continue to make tweaks only on the margins as the rebounding markets have taken pressure off senior executives to cut costs, according to compensation consultant Andy Tasnady. ....

Read more at AdvisorHub

4 questions for broker compensation consultant Andrew Tasnady
June 2021

....The founder of Tasnady & Associates conducts the research behind FP’s annual survey of broker compensation at wirehouses and regional firms, tracking the largest payouts across ten firms at various levels of production. In the podcast, FP Chief Correspondent Tobias Salinger asks Tasnady the following four questions about the main takeaways from this year’s survey and how he expects compensation grids to change in the future. ....

Listen to Podcast at FinancialPlanning

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