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Reuters first with details of UBS adviser pay plan12.01.2010
Reuters was first to reveal on Dec 1 the details of the 2011 UBS financial adviser compensation plan. The new plan cut pay for small accounts and penalized advisers for offering clients discounts on fees and commissions. UBS also broadened its bonuses to encourage more fee-based business. In this competitive environment, advisers watch changes to comp plans closely and they can be an important tool for recruiting new advisers. |
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