Benjamin Harvey CFP®, CPWA®, ChFC®, CLU® Founder and Private Wealth Advisor, Summation Wealth Group To continue reading this content, please enable JavaScript in ...

Firms love deferred compensation. After all, it is your money they are deferring, not their own. Just try asking your firm to defer taking its share of your gross commission. These “golden handcuffs” ...

The U.S. Department of Labor has sided with Morgan Stanley in a hotly contested dispute over whether the firm’s deferred compensation program is a bonus—and exempt from Employee Retirement Income ...

A federal court’s narrow reading of ‘bonus’ pay—and the DOL’s sharply different view—could reshape how Wall Street structures deferred compensation. A recent legal saga, which involved a U.S.

Three former Morgan Stanley financial advisors have filed a federal lawsuit accusing the U.S. Department of Labor of illegally helping the firm undermine hundreds of pending arbitration claims seeking ...

The Department of Labor weighed in on a thorny legal issue for Morgan Stanley: Are the company’s deferred compensation plans for advisors covered by a federal retirement law? It doesn’t look that way, ...