Advisorheads Homepage
Forum Home Forum Home > Introductions > Greenhorn Introductions
  New Posts New Posts RSS Feed - First post
  FAQ FAQ  Forum Search   Events   Register Register  Login Login

First post
 Post Reply Post Reply
Author
Message
  Topic Search Topic Search  Topic Options Topic Options
HarveySpecter View Drop Down
Rookie
Rookie
Avatar

Joined: Oct/26/2023
Location: USA
Status: Offline
Points: 12 		Post Options Post Options   Thanks (0) Thanks(0)   Quote HarveySpecter Quote  Post ReplyReply Direct Link To This Post Topic: First post
    Posted: Oct/26/2023 at 10:24pm
Hello gentlemen, 

I'm Lazarus. Currently part of a $400M RIA, currently managing $80M. I'm a non-partner and interested if my compensation is competitive based on the experience of others. Look forward to being a part of this civil community. 

H$
Back to Top
WarPig View Drop Down
Senior Member
Senior Member
Avatar

Joined: Dec/12/2019
Status: Offline
Points: 9123 		Post Options Post Options   Thanks (0) Thanks(0)   Quote WarPig Quote  Post ReplyReply Direct Link To This Post Posted: Oct/26/2023 at 10:25pm
In before Luv
Back to Top
DucatiSportGT View Drop Down
Gold Member
Gold Member
Avatar

Joined: Jul/16/2013
Status: Offline
Points: 13771 		Post Options Post Options   Thanks (0) Thanks(0)   Quote DucatiSportGT Quote  Post ReplyReply Direct Link To This Post Posted: Oct/26/2023 at 10:33pm
This one has to be helado. 
Self appointed leader of the I like to shit on my own face when I jerk off. .
I hate being right. It's not a badge of honor for me. Most of the time I wish I was wrong.
Back to Top
HarveySpecter View Drop Down
Rookie
Rookie
Avatar

Joined: Oct/26/2023
Location: USA
Status: Offline
Points: 12 		Post Options Post Options   Thanks (0) Thanks(0)   Quote HarveySpecter Quote  Post ReplyReply Direct Link To This Post Posted: Oct/26/2023 at 10:33pm
I forgot to add that I've been in the industry for about 10 years.
Back to Top
newbieRIA View Drop Down
Senior Member
Senior Member
Avatar

Joined: Jul/27/2020
Status: Offline
Points: 2827 		Post Options Post Options   Thanks (0) Thanks(0)   Quote newbieRIA Quote  Post ReplyReply Direct Link To This Post Posted: Oct/26/2023 at 11:05pm
Are you a Ben Simmons fan?
Back to Top
Wet_Blanket View Drop Down
Admin Group
Admin Group
Avatar
Team America (not iMo)

Joined: Mar/10/2010
Location: New England
Status: Offline
Points: 43367 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Wet_Blanket Quote  Post ReplyReply Direct Link To This Post Posted: Oct/26/2023 at 11:07pm
Originally posted by HarveySpecter HarveySpecter wrote:

Hello gentlemen, 

I'm Lazarus. Currently part of a $400M RIA, currently managing $80M. I'm a non-partner and interested if my compensation is competitive based on the experience of others. Look forward to being a part of this civil community. 

H$
What's your comp? 
The true 🤡 was the Biden voter all along.
Back to Top
luvindy View Drop Down
Moderator
Moderator
Avatar

Joined: May/17/2010
Status: Offline
Points: 25205 		Post Options Post Options   Thanks (0) Thanks(0)   Quote luvindy Quote  Post ReplyReply Direct Link To This Post Posted: Oct/27/2023 at 9:19am
Goddammit.
8/31/12,Sportsfreak:
"If Barak wins this election, or appears to be clearly winning, we are all fucked. Market will tank big time."
Dow 13,090 S&P 1406
5/23/13 UC:Dow 20k before 20% crrectn Dow 15,
Back to Top
HarveySpecter View Drop Down
Rookie
Rookie
Avatar

Joined: Oct/26/2023
Location: USA
Status: Offline
Points: 12 		Post Options Post Options   Thanks (0) Thanks(0)   Quote HarveySpecter Quote  Post ReplyReply Direct Link To This Post Posted: Oct/27/2023 at 11:39am
I am a Giannis fan. All in on the Bucks. 
Back to Top
HarveySpecter View Drop Down
Rookie
Rookie
Avatar

Joined: Oct/26/2023
Location: USA
Status: Offline
Points: 12 		Post Options Post Options   Thanks (0) Thanks(0)   Quote HarveySpecter Quote  Post ReplyReply Direct Link To This Post Posted: Oct/27/2023 at 11:50am
Originally posted by Wet_Blanket Wet_Blanket wrote:

Originally posted by HarveySpecter HarveySpecter wrote:

Hello gentlemen, 

I'm Lazarus. Currently part of a $400M RIA, currently managing $80M. I'm a non-partner and interested if my compensation is competitive based on the experience of others. Look forward to being a part of this civil community. 

H$
What's your comp? 

Format is: Base Salary + 20% of advisory fees + annual bonus.

Current YTD: $60k base + $133k advisory + annual bonus (not paid yet, best guess $15k) Assume advisory fees to the firm of ~90bps of assets.
Back to Top
Chips View Drop Down
Senior Member
Senior Member
Avatar

Joined: Jul/08/2019
Location: SF Bay Area
Status: Offline
Points: 650 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Chips Quote  Post ReplyReply Direct Link To This Post Posted: Oct/27/2023 at 11:56am
Originally posted by HarveySpecter HarveySpecter wrote:

Originally posted by Wet_Blanket Wet_Blanket wrote:

Originally posted by HarveySpecter HarveySpecter wrote:

Hello gentlemen, 

I'm Lazarus. Currently part of a $400M RIA, currently managing $80M. I'm a non-partner and interested if my compensation is competitive based on the experience of others. Look forward to being a part of this civil community. 

H$
What's your comp? 

Format is: Base Salary + 20% of advisory fees + annual bonus.

Current YTD: $60k base + $133k advisory + annual bonus (not paid yet, best guess $15k) Assume advisory fees to the firm of ~90bps of assets.


So net ~30% of revenue? Not bad if the clients were handed to you or if they fronted the cost for marketing. 
Back to Top
HarveySpecter View Drop Down
Rookie
Rookie
Avatar

Joined: Oct/26/2023
Location: USA
Status: Offline
Points: 12 		Post Options Post Options   Thanks (0) Thanks(0)   Quote HarveySpecter Quote  Post ReplyReply Direct Link To This Post Posted: Oct/27/2023 at 12:03pm
Originally posted by Chips Chips wrote:

Originally posted by HarveySpecter HarveySpecter wrote:

Originally posted by Wet_Blanket Wet_Blanket wrote:

Originally posted by HarveySpecter HarveySpecter wrote:

Hello gentlemen, 

I'm Lazarus. Currently part of a $400M RIA, currently managing $80M. I'm a non-partner and interested if my compensation is competitive based on the experience of others. Look forward to being a part of this civil community. 

H$
What's your comp? 

Format is: Base Salary + 20% of advisory fees + annual bonus.

Current YTD: $60k base + $133k advisory + annual bonus (not paid yet, best guess $15k) Assume advisory fees to the firm of ~90bps of assets.


So net ~30% of revenue? Not bad if the clients were handed to you or if they fronted the cost for marketing. 

Firm pays for marketing. No handed clients, I close myself. I generally don't have to deal with compliance but we are a small firm so there are areas of "running the business" that I am involved in. My goal is partnership but that is another discussion. 
Back to Top
Chips View Drop Down
Senior Member
Senior Member
Avatar

Joined: Jul/08/2019
Location: SF Bay Area
Status: Offline
Points: 650 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Chips Quote  Post ReplyReply Direct Link To This Post Posted: Oct/27/2023 at 12:05pm
Originally posted by HarveySpecter HarveySpecter wrote:

Originally posted by Chips Chips wrote:

Originally posted by HarveySpecter HarveySpecter wrote:

Originally posted by Wet_Blanket Wet_Blanket wrote:

Originally posted by HarveySpecter HarveySpecter wrote:

Hello gentlemen, 

I'm Lazarus. Currently part of a $400M RIA, currently managing $80M. I'm a non-partner and interested if my compensation is competitive based on the experience of others. Look forward to being a part of this civil community. 

H$
What's your comp? 

Format is: Base Salary + 20% of advisory fees + annual bonus.

Current YTD: $60k base + $133k advisory + annual bonus (not paid yet, best guess $15k) Assume advisory fees to the firm of ~90bps of assets.


So net ~30% of revenue? Not bad if the clients were handed to you or if they fronted the cost for marketing. 

Firm pays for marketing. No handed clients, I close myself. I generally don't have to deal with compliance but we are a small firm so there are areas of "running the business" that I am involved in. My goal is partnership but that is another discussion. 

Sounds like we’re not too far apart. I get 35bps but I get an admin, trading team, planning team, tax and estate. 
Back to Top
gregsanberg View Drop Down
Senior Member
Senior Member


Joined: Jun/19/2013
Location: NC
Status: Offline
Points: 1272 		Post Options Post Options   Thanks (0) Thanks(0)   Quote gregsanberg Quote  Post ReplyReply Direct Link To This Post Posted: Oct/27/2023 at 1:16pm
Originally posted by Chips Chips wrote:

Originally posted by HarveySpecter HarveySpecter wrote:

Originally posted by Chips Chips wrote:

Originally posted by HarveySpecter HarveySpecter wrote:

Originally posted by Wet_Blanket Wet_Blanket wrote:

Originally posted by HarveySpecter HarveySpecter wrote:

Hello gentlemen, 

I'm Lazarus. Currently part of a $400M RIA, currently managing $80M. I'm a non-partner and interested if my compensation is competitive based on the experience of others. Look forward to being a part of this civil community. 

H$
What's your comp? 


Format is: Base Salary + 20% of advisory fees + annual bonus.

Current YTD: $60k base + $133k advisory + annual bonus (not paid yet, best guess $15k) Assume advisory fees to the firm of ~90bps of assets.



So net ~30% of revenue? Not bad if the clients were handed to you or if they fronted the cost for marketing. 


Firm pays for marketing. No handed clients, I close myself. I generally don't have to deal with compliance but we are a small firm so there are areas of "running the business" that I am involved in. My goal is partnership but that is another discussion. 


Sounds like we’re not too far apart. I get 35bps but I get an admin, trading team, planning team, tax and estate. 


Chips,

What do the "tax and estate" team do? Do they prepare returns? Does the estate team review estate docs?
Back to Top
Chips View Drop Down
Senior Member
Senior Member
Avatar

Joined: Jul/08/2019
Location: SF Bay Area
Status: Offline
Points: 650 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Chips Quote  Post ReplyReply Direct Link To This Post Posted: Oct/27/2023 at 1:31pm
Originally posted by gregsanberg gregsanberg wrote:

Originally posted by Chips Chips wrote:

Originally posted by HarveySpecter HarveySpecter wrote:

Originally posted by Chips Chips wrote:

Originally posted by HarveySpecter HarveySpecter wrote:

Originally posted by Wet_Blanket Wet_Blanket wrote:

Originally posted by HarveySpecter HarveySpecter wrote:

Hello gentlemen, 

I'm Lazarus. Currently part of a $400M RIA, currently managing $80M. I'm a non-partner and interested if my compensation is competitive based on the experience of others. Look forward to being a part of this civil community. 

H$
What's your comp? 


Format is: Base Salary + 20% of advisory fees + annual bonus.

Current YTD: $60k base + $133k advisory + annual bonus (not paid yet, best guess $15k) Assume advisory fees to the firm of ~90bps of assets.



So net ~30% of revenue? Not bad if the clients were handed to you or if they fronted the cost for marketing. 


Firm pays for marketing. No handed clients, I close myself. I generally don't have to deal with compliance but we are a small firm so there are areas of "running the business" that I am involved in. My goal is partnership but that is another discussion. 


Sounds like we’re not too far apart. I get 35bps but I get an admin, trading team, planning team, tax and estate. 


Chips,

What do the "tax and estate" team do? Do they prepare returns? Does the estate team review estate docs?

Yes to all. Both can consult and do projections for any client. Tax estate doc prep are a little extra. $750 for tax and 1750 for basic estate. 
Back to Top
gregsanberg View Drop Down
Senior Member
Senior Member


Joined: Jun/19/2013
Location: NC
Status: Offline
Points: 1272 		Post Options Post Options   Thanks (0) Thanks(0)   Quote gregsanberg Quote  Post ReplyReply Direct Link To This Post Posted: Oct/27/2023 at 1:41pm
Originally posted by Chips Chips wrote:

Originally posted by gregsanberg gregsanberg wrote:

Originally posted by Chips Chips wrote:

Originally posted by HarveySpecter HarveySpecter wrote:

Originally posted by Chips Chips wrote:

Originally posted by HarveySpecter HarveySpecter wrote:

Originally posted by Wet_Blanket Wet_Blanket wrote:

Originally posted by HarveySpecter HarveySpecter wrote:

Hello gentlemen, 

I'm Lazarus. Currently part of a $400M RIA, currently managing $80M. I'm a non-partner and interested if my compensation is competitive based on the experience of others. Look forward to being a part of this civil community. 

H$
What's your comp? 


Format is: Base Salary + 20% of advisory fees + annual bonus.

Current YTD: $60k base + $133k advisory + annual bonus (not paid yet, best guess $15k) Assume advisory fees to the firm of ~90bps of assets.



So net ~30% of revenue? Not bad if the clients were handed to you or if they fronted the cost for marketing. 


Firm pays for marketing. No handed clients, I close myself. I generally don't have to deal with compliance but we are a small firm so there are areas of "running the business" that I am involved in. My goal is partnership but that is another discussion. 


Sounds like we’re not too far apart. I get 35bps but I get an admin, trading team, planning team, tax and estate. 


Chips,

What do the "tax and estate" team do? Do they prepare returns? Does the estate team review estate docs?


Yes to all. Both can consult and do projections for any client. Tax estate doc prep are a little extra. $750 for tax and 1750 for basic estate. 


That's a great set-up. All in one solution
Back to Top
spudpotato View Drop Down
Senior Member
Senior Member
Avatar

Joined: Jan/23/2018
Status: Offline
Points: 2289 		Post Options Post Options   Thanks (0) Thanks(0)   Quote spudpotato Quote  Post ReplyReply Direct Link To This Post Posted: Oct/28/2023 at 8:43pm
Lazarus - back from the dead
Cis-Heteropatriarchy - the new monarchy
Back to Top
 Post Reply Post Reply
  Share Topic   

Forum Jump Forum Permissions View Drop Down

Forum Software by Web Wiz Forums® version 12.03
Copyright ©2001-2019 Web Wiz Ltd.

This page was generated in 0.063 seconds.