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alcadvisor View Drop Down
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Joined: Apr/02/2021
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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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Points: 5521 		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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Points: 1927 		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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Points: 1154 		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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Points: 515 		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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Points: 40339 		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? 
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Ducati: The economy far outweighs blue haired women screaming about abortion this election.
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Sounds like an insurance BD?
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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. 
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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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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.
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$100 bucks this is a compliance troll.
Every month 200,000 illegal aliens come across the border directly south from me.
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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.
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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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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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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. 
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