Advisorheads Homepage
Forum Home Forum Home > Introductions > Greenhorn Introductions
  New Posts New Posts RSS Feed - Happy to be here quick question
  FAQ FAQ  Forum Search   Events   Register Register  Login Login

Happy to be here quick question

 Post Reply Post Reply
Author
Message
alcadvisor View Drop Down
Rookie
Rookie


Joined: Apr/02/2021
Status: Offline
Points: 4
Post Options Post Options   Thanks (0) Thanks(0)   Quote alcadvisor Quote  Post ReplyReply Direct Link To This Post Topic: Happy to be here quick question
    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!
Back to Top
missionshooter View Drop Down
Senior Member
Senior Member
Avatar

Joined: Feb/12/2014
Status: Offline
Points: 5316
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.  
Back to Top
richchick View Drop Down
Senior Member
Senior Member
Avatar

Joined: Mar/11/2010
Status: Offline
Points: 1604
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. 
Back to Top
BullishT View Drop Down
Senior Member
Senior Member
Avatar

Joined: Dec/05/2017
Location: Midwest
Status: Offline
Points: 819
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. 
Back to Top
Chips View Drop Down
Member
Member
Avatar

Joined: Jul/08/2019
Location: SF Bay Area
Status: Online
Points: 486
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?
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: 38700
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? 
Ducati's Prediction (06/24/2022):

Ducati: The economy far outweighs blue haired women screaming about abortion this election.
Back to Top
Iamlegend View Drop Down
Platinum Member
Platinum Member
Avatar

Joined: Mar/09/2010
Status: Online
Points: 20682
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?
Back to Top
DucatiSportGT View Drop Down
Senior Member
Senior Member
Avatar

Joined: Jul/16/2013
Status: Offline
Points: 7470
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 chorus.
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
freebird View Drop Down
Senior Member
Senior Member
Avatar

Joined: Sep/17/2021
Location: deep south
Status: Offline
Points: 5690
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 
Conrad on 5-16-22:
A woman is a person, of either sex (male or female)…who choses to live life in the gender role of woman.
Back to Top
RIArules View Drop Down
Platinum Member
Platinum Member


Joined: Mar/15/2010
Status: Online
Points: 28678
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.
What’s the Clown’s problem with Down Syndrome people?
Back to Top
helado View Drop Down
Platinum Member
Platinum Member
Avatar
The Resource

Joined: Jun/17/2013
Status: Offline
Points: 26731
Post Options Post Options   Thanks (0) Thanks(0)   Quote helado Quote  Post ReplyReply Direct Link To This Post Posted: May/25/2022 at 2:53am
Northwestern Mutual.
My posts are for abrasive entertainment only. Nothing posted is investment, legal, tax or any type of advice, nor is anything mentioned true or even based on real events. Posts are complete fiction.
Back to Top
advisorman View Drop Down
Senior Member
Senior Member
Avatar

Joined: Oct/22/2011
Location: somewhere
Status: Offline
Points: 3828
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
King of sarcasm and speling
Back to Top
alcadvisor View Drop Down
Rookie
Rookie


Joined: Apr/02/2021
Status: Offline
Points: 4
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.
Back to Top
alcadvisor View Drop Down
Rookie
Rookie


Joined: Apr/02/2021
Status: Offline
Points: 4
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. 
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 0.078 seconds.