HOLLYWOOD, FLA. - Banks need to keep their advisor compensation plans fairly simple, said Thomas Kane, a presenter at the Bank Insurance & Securities Association’s annual conference today. But not too simple.

Kane, the founder and managing director of KaneCarlton, a consulting firm in the wealth management industry, said he was once handed a 2-page compensation grid by a bank that he was working with. But he feels that such a streamlined report isn’t enough to fully outline a complete plan.

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