TITLE

Compensation a Key to Practice Success, Says Schwab

PUB. DATE
February 2004
SOURCE
Journal of Financial Planning;Feb2004, Vol. 17 Issue 2, p21
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This section provides the results of a study by Schwab Institutional on compensation practices of independent fee-based financial advisory firms as of February 2004. The four key compensation principles present in every one of these firms, says Schwab, was: (1) institutionalized compensation practices, (2) well-defined roles and responsibilities, (3) focus on employee development and (4) rewarding employees for contributions.
ACCESSION #
12246754

 

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