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alcadvisor ![]() Rookie ![]() Joined: Apr/02/2021 Status: Offline Points: 4 |
![]() ![]() ![]() ![]() ![]() Posted: May/24/2022 at 1:24pm |
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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 ![]() Senior Member ![]() ![]() Joined: Feb/12/2014 Status: Offline Points: 5316 |
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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 ![]() Senior Member ![]() ![]() Joined: Mar/11/2010 Status: Offline Points: 1604 |
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Don’t hold back mission tell him how you really feel.
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BullishT ![]() Senior Member ![]() ![]() Joined: Dec/05/2017 Location: Midwest Status: Offline Points: 819 |
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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 ![]() Member ![]() ![]() Joined: Jul/08/2019 Location: SF Bay Area Status: Online Points: 486 |
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What kind of support do you get for that 10%? Are they feeding you leads? Paying rent? Staff? Software?
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Wet_Blanket ![]() Admin Group ![]() ![]() Team America (not iMo) Joined: Mar/10/2010 Location: New England Status: Offline Points: 38700 |
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So they get 54% payout?
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Ducati's Prediction (06/24/2022):
Ducati: The economy far outweighs blue haired women screaming about abortion this election. |
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Iamlegend ![]() Platinum Member ![]() ![]() Joined: Mar/09/2010 Status: Online Points: 20682 |
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Sounds like an insurance BD?
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DucatiSportGT ![]() Senior Member ![]() ![]() Joined: Jul/16/2013 Status: Offline Points: 7470 |
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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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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. |
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freebird ![]() Senior Member ![]() ![]() Joined: Sep/17/2021 Location: deep south Status: Offline Points: 5690 |
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100 bucks they sourced the clients too
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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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RIArules ![]() Platinum Member ![]() Joined: Mar/15/2010 Status: Online Points: 28678 |
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$100 bucks this is a compliance troll.
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What’s the Clown’s problem with Down Syndrome people?
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helado ![]() Platinum Member ![]() ![]() The Resource Joined: Jun/17/2013 Status: Offline Points: 26731 |
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Northwestern Mutual.
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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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advisorman ![]() Senior Member ![]() ![]() Joined: Oct/22/2011 Location: somewhere Status: Offline Points: 3828 |
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Take over a 150mm Jones office and then leave a few years later with 100mm
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King of sarcasm and speling
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alcadvisor ![]() Rookie ![]() Joined: Apr/02/2021 Status: Offline Points: 4 |
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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 ![]() Rookie ![]() Joined: Apr/02/2021 Status: Offline Points: 4 |
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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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