First post
Printed From: Advisorheads
Category: Introductions
Forum Name: Greenhorn Introductions
Forum Description: MAKE YOUR FIRST POST HERE!
URL: http://www.advisorheads.com/forum_posts.asp?TID=20702
Printed Date: Mar/26/2026 at 6:44pm
Software Version: Web Wiz Forums 12.03 - http://www.webwizforums.com
Topic: First post
Posted By: HarveySpecter
Subject: First post
Date Posted: Oct/26/2023 at 10:24pm
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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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Replies:
Posted By: WarPig
Date Posted: Oct/26/2023 at 10:25pm
Posted By: DucatiSportGT
Date Posted: Oct/26/2023 at 10:33pm
This one has to be helado.
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Bring back Helado!
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Posted By: HarveySpecter
Date Posted: Oct/26/2023 at 10:33pm
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I forgot to add that I've been in the industry for about 10 years.
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Posted By: newbieRIA
Date Posted: Oct/26/2023 at 11:05pm
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Are you a Ben Simmons fan?
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Posted By: Wet_Blanket
Date Posted: Oct/26/2023 at 11:07pm
 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?
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The true 🤡 was the Biden voter all along.
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Posted By: luvindy
Date Posted: Oct/27/2023 at 9:19am
Goddammit.
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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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Posted By: HarveySpecter
Date Posted: Oct/27/2023 at 11:39am
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I am a Giannis fan. All in on the Bucks.
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Posted By: HarveySpecter
Date Posted: Oct/27/2023 at 11:50am
Wet_Blanket wrote:
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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Posted By: Chips
Date Posted: Oct/27/2023 at 11:56am
HarveySpecter wrote:
Wet_Blanket wrote:
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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Posted By: HarveySpecter
Date Posted: Oct/27/2023 at 12:03pm
Chips wrote:
HarveySpecter wrote:
Wet_Blanket wrote:
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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Posted By: Chips
Date Posted: Oct/27/2023 at 12:05pm
HarveySpecter wrote:
Chips wrote:
HarveySpecter wrote:
Wet_Blanket wrote:
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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Posted By: gregsanberg
Date Posted: Oct/27/2023 at 1:16pm
Chips wrote:
HarveySpecter wrote:
Chips wrote:
HarveySpecter wrote:
Wet_Blanket wrote:
HarveySpecter wrote:
Hello gentlemen,Â
I'm Lazarus. Currently part of a $400M RIA, currently managing $80M. I'm a non-partner and interested if my compensation is competitive based on the experience of others. Look forward to being a part of this civil community.Â
H$ |
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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Posted By: Chips
Date Posted: Oct/27/2023 at 1:31pm
gregsanberg wrote:
Chips wrote:
HarveySpecter wrote:
Chips wrote:
HarveySpecter wrote:
Wet_Blanket wrote:
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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Posted By: gregsanberg
Date Posted: Oct/27/2023 at 1:41pm
Chips wrote:
gregsanberg wrote:
Chips wrote:
HarveySpecter wrote:
Chips wrote:
HarveySpecter wrote:
Wet_Blanket wrote:
HarveySpecter wrote:
Hello gentlemen,Â
I'm Lazarus. Currently part of a $400M RIA, currently managing $80M. I'm a non-partner and interested if my compensation is competitive based on the experience of others. Look forward to being a part of this civil community.Â
H$ |
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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Posted By: spudpotato
Date Posted: Oct/28/2023 at 8:43pm
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Lazarus - back from the dead
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