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Happy to be here quick question

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alcadvisor View Drop Down
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    Posted: May/24/2022 at 1:24pm
Hey everyone,

Love the forum been reading it the last year or so. Have not been active in posting but looking for some advice. Ive been working with a firm right out of college for the last 3 years. Built up a client base of about 80, lots of financial planning, insurance, annuities and AUM. 

Love the firm but comp is definitely not where it should be. Its a scale but if you do about 300k in revenue you got 60% then it gets cut down to 90% of that with 10% going to VP of the branch. Does that seem fair? and the other issue I am seeing is that I may not be able to move with my clients, not allowed to break any contracts with current firm apparently. 

I did plan on going independent but may be better to go now then later if I cannot retain any of my clients. Any thoughts on this would be extremely appreciated.

Thanks!
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missionshooter View Drop Down
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Post Options Post Options   Thanks (1) Thanks(1)   Quote missionshooter Quote  Post ReplyReply Direct Link To This Post Posted: May/24/2022 at 1:27pm
Don't be a punkass bitch and make the jump now.  Do you want to work for yourself at some point or keep making the VP asshole rich?  

Fuck that noise, I'm a boss bitch.  
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richchick View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote richchick Quote  Post ReplyReply Direct Link To This Post Posted: May/24/2022 at 1:33pm
Don’t hold back mission tell him how you really feel. 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote BullishT Quote  Post ReplyReply Direct Link To This Post Posted: May/24/2022 at 1:35pm
What kind of firm is this? Doesn't sound like any wire house or indy B/D model I have ever heard of. 
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Chips View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Chips Quote  Post ReplyReply Direct Link To This Post Posted: May/24/2022 at 1:59pm
What kind of support do you get for that 10%? Are they feeding you leads? Paying rent? Staff? Software?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Wet_Blanket Quote  Post ReplyReply Direct Link To This Post Posted: May/24/2022 at 2:01pm
So they get 54% payout? 
The true 🤡 was the Biden voter all along.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Iamlegend Quote  Post ReplyReply Direct Link To This Post Posted: May/24/2022 at 5:25pm
Sounds like an insurance BD?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote DucatiSportGT Quote  Post ReplyReply Direct Link To This Post Posted: May/24/2022 at 5:50pm
Originally posted by Iamlegend Iamlegend wrote:

Sounds like an insurance BD?

Has to be. 
Also, I'll go there... You're 3 years out of school and get a 54% payout? That's really not bad at all. 
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.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote freebird Quote  Post ReplyReply Direct Link To This Post Posted: May/24/2022 at 8:31pm
Originally posted by DucatiSportGT DucatiSportGT wrote:

Originally posted by Iamlegend Iamlegend wrote:

Sounds like an insurance BD?

Has to be. 
Also, I'll go there... You're 3 years out of school and get a 54% payout? That's really not bad at all. 

100 bucks they sourced the clients too 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote RIArules Quote  Post ReplyReply Direct Link To This Post Posted: May/24/2022 at 9:34pm
$100 bucks this is a compliance troll.
Is it too late to exhume Ken Starr?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: May/25/2022 at 2:53am
Northwestern Mutual.
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advisorman View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote advisorman Quote  Post ReplyReply Direct Link To This Post Posted: Jul/13/2022 at 10:08am
Take over a 150mm Jones office and then leave a few years later with 100mm
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alcadvisor View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote alcadvisor Quote  Post ReplyReply Direct Link To This Post Posted: Jul/13/2022 at 10:13am
Firm is florida financial advisors basically a spin off of Ameriprise in terms of how it works.
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alcadvisor View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote alcadvisor Quote  Post ReplyReply Direct Link To This Post Posted: Jul/13/2022 at 10:16am
they pay for everything for the most part. most my clients come from cold calls, they pay for a zoom info account. but even then i get most clients now from referrals. 
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