CHICAGO - A proposed new rule requiring advisors to disclose their transition packages when switching firms could change the tone of the conversations in the war for top industry talent.
The proposed rule, put forth by the Financial Industry Regulatory Authority, would require financial advisors to disclose the bonuses and other compensation they receive when switching employers. If the rule goes into effect, it could influence how advisors weigh their transition options, four leaders who spoke on a leadership panel at the Securities Industry and Financial Markets Association Private Client Conference said Thursday.
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