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A Short History of Stocks

The Big Picture

That changed on May 1, 1975, when the Securities and Exchange Commission mandated a change in commission structures. Costs continued to fall: Over the next 25 years, commissions would fall from about 1.0% of the value of a buy or sell to around 0.25% of stock value. Lots of other active managers did well.

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DoL’s Retirement Security Rule & PTE 2020-02 Amendment: What Advisers Need to Know Now About Giving Rollover Advice After Sept 23, 2024

Nerd's Eye View

commissions), and who holds themselves out as a trusted adviser by either stating they are acting as a fiduciary or otherwise indicates that they are making individualized recommendations based on the investor's best interest.

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The Stock Market Never Changes

A Wealth of Common Sense

Charley Ellis wrote a great book about the index fund revolution back in 2016. Commissions still averaged 40 cents a share. One of my favorite parts of the book is where Ellis looks at how Wall Street has changed in the past 50 years: MBAs were uncommon. PhDs were never seen. All trading was paper based.

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10 Weekend Reads

The Big Picture

Worth ) • The Homeowners Who Beat the National Association of Realtors : Six home sellers in Missouri successfully argued that the powerful real estate trade group’s rules on commissions forced them to pay inflated fees. ( He was Knighted in 2016, and is a dual citizen of Great Britain and United States. Glassholes need not apply. (

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: Former Wells Fargo executive agrees to pay $3 million fine

MarketWatch

Securities and Exchange Commission said late Tuesday. Tolstedt, who retired in 2016 around the time of Wells Fargo’s fake-account scandal, did not admit or deny the SEC’s allegations. The SEC already has settled related charges against Wells Fargo’s former Chief Executive John Stumpf.

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Top Movies & Shows for Financial Advisors to Watch

BlueMind

Deciding to chase after bigger commissions and targeting high net worth clients, he begins his own firm selling penny and IPO stocks. Although a work of fiction, this movie is based on very realistic “pump and dump” schemes carried out by advisors who love selling hard and earning high commissions. Boiler Room (2000).

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A Promising Picture for Financial Planner Job Growth

eMoney Advisor

It has awarded more than $1 million in scholarships since 2016, including 80 new scholarship awards in 2021. Some of the basic compensation models include: a base salary plus bonus, commissions, fees, and a combination of fees and commissions. That’s a 67 percent increase from its 48 awards in 2020.