HOLLYWOOD, FLA. - Banks need to keep their advisor compensation plans fairly simple, said Thomas Kane, a presenter at the Bank Insurance & Securities Associations 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 isnt enough to fully outline a complete plan.
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