Interest income brought the firm's revenue to a record high during the quarter ended in March, offsetting lower income from asset management fees.
Blass, the former head of the SEC's division of investment management, led external affairs at BlackRock for two years.
A new name is forthcoming, and the firm's eight independent broker-dealers will be merged under that new name in 18 months.
Higher stock and option awards notched chief executives' pay even higher last year, according to a report from ISS Corporate Solutions.
Some of Hill's responsibilities will be handed off to Jeff Busconi, who holds the newly created position of head of wealth management strategy, products and services.
The plan feature is provided by Global Trust Co. and Annexus Retirement Solutions.
Brokers and investment advisors should thoroughly understand products and clients' financial needs before making recommendations, the SEC said in the bulletin.
A total of 16 people, many affiliated with a Quaker group, were arrested Wednesday outside the company's Malvern, Pennsylvania, headquarters.
The insurer has settled with the Department of Labor; the policies in question were part of employer-sponsored insurance where workers had opted for supplemental coverage.
Republicans on the House Financial Services Committee questioned the SEC leader about the roughly 50 rules the agency has proposed over the past two years.
