UBS Slashes Bonuses for Fee-Based Brokers, Raises Industry Eyebrows

Compensation plans are, nevertheless, meant to modify behavior, and UBS may be trying to send brokers who still like transactions another message with its new plan, according to pay consultants.

“They probably figure that the transformation to fee-based has stabilized and that they need to keep high-producing brokers in place,” said Johnson Associates founder Alan Johnson.

AdvisorHub / June 16, 2016

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