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HarveySpecter View Drop Down
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    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$
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WarPig View Drop Down
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Points: 12311 		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
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DucatiSportGT View Drop Down
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Points: 35715 		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. 
Bring back Helado!
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HarveySpecter View Drop Down
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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.
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newbieRIA View Drop Down
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Points: 3256 		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?
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Wet_Blanket View Drop Down
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Points: 46820 		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.
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luvindy View Drop Down
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Points: 28219 		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,
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HarveySpecter View Drop Down
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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. 
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HarveySpecter View Drop Down
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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.
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Chips View Drop Down
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Points: 920 		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. 
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HarveySpecter View Drop Down
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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. 
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Chips View Drop Down
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Joined: Jul/08/2019
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Points: 920 		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. 
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gregsanberg View Drop Down
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Joined: Jun/19/2013
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Points: 1710 		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?
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Chips View Drop Down
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Joined: Jul/08/2019
Location: SF Bay Area
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Points: 920 		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. 
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gregsanberg View Drop Down
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Joined: Jun/19/2013
Location: NC
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Points: 1710 		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
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spudpotato View Drop Down
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Points: 2622 		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
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