Do any of you honestly think you could be pulling in a one million dollar a year salary within the next 15-20 years....or is that just something we dont realistically aim for in our industry?
Looking for help with salary negotiations. Are you willing to provide following info for my research? LOS base salary What percent commission do you make? Independent or national firm? Thanks much!!
When negotiating compensation at a new company, new role, should I tell them (or omit) what I make now?
At what salary point did you feel "content" if ever? At $90k, and I've always figured once I got to $200k I'd be "good" and chill out, thoughts on that?
Thinking of leaving a $80k salary banker job to become an FA at a competitor. Salary is $60k + inheriting a retired advisor’s book. Has anyone taken a salary paycut like this? Tips/advice?
What’s a good third party platform for smaller clients who need long term growth. I’m looking for good trail comp options. I don’t want to open smaller advisory accounts that require annual reviews.
How much has your salary grown since starting your career? Pretty curious to see how others have advanced.
I got an offer to inherit a book at a competitor plus a lower salary than I have now. I’m considering taking it considering the flows alone on the new book are worth it to me... I think. Thoughts?
What was your goal salary when you graduated college for your first job? What about your salary goal for age 25? 30?
CPA compensation. I have a CPA who has referred me a ton of business how do we reciprocate? I cannot send him a hundred clients a year.
People here actually figure out their hourly rate? Salary / hours worked all year. Or is it just me?
What kind of contract or compensation agreement do you have with your assistant? Does your company draft up the agreement or do you write your own contract with them? Has anyone written their own?
Is our comp and benefits really the best in the industry? Let's get some feedback from people who have been at other firms
Is this the beginning of salary and bonus structure in our industry? https://www.wealthmanagement.com/industry/wells-fargo-combines-private-bank-ultra-high-net-worth-arms?NL=WM-27&Issue=WM-27_20181109_WM-27_420&sfvc4enews=42&cl=article_1_b&utm_rid=CPG09000011636831&utm_campaign=17104&utm_medium=email&elq2=fd2aea1e1c66421d81918934848cf019
What is your hourly rate? Since, I’m 95% fee based. I don’t have an hourly rate for consultations or FP reviews. I was recently asked, what my hourly rate is for advising . Didn’t have an answer.
I have a 401(k) plan that I am being requested pricing on for a local medical group. It's about $2M with 57 participants. What would you guys take as far as compensation goes for a plan of this size?
Honest and serious question: how is deferred compensation legal? How can firms unilaterally decide that they are going to defer earned pay for upwards of 8+ years?
Do you ever share your salary with anyone other than spouse/SO? As in other family members, close friends, coworkers who you’re friends/close with?
Pru’s comp plan changes were just announced for next year. Do all companies change frequently? I feel like this is my 6th big change in 9 years.
Which firms pay a base salary for financial advisors and how much is the base? Everyone share your salary if you have one!
Your birthday is in a few days, you just got your bonus, are happy with your savings/retirement contribs, and have disposable income. What do you buy yourself for a birthday gift?
Best way to attract a junior advisor to your firm? Looking for someone who is licensed and knows how to work with clients but maybe not the best marketer. Best comp structure?
For rookie FAs: how much success have you had negotiating your comp? I’m a rookie and I made zero progress from pushing back on starting pay. I’m curious what’s even possible.
For those that work at an RIA and are relatively “young” advisors - what’s your compensation structure? Base + bonus + referral fees? Split rep fee?
Opinion: work with a firm as an independent, self employed financial advisor. On a draw right now ends soon, not nearly enough AUM to sustain. Got offer from insurance agency that will pay salary +
Can anyone here whom has had their brokerage acquired by another firm tell me if they received a retention bonus or "golden handcuffs" to stick around with the new firm? If you did, how much was it?
What do you think the practical effects will be if banks are forced to limit compensation if losses occur? I understand the need if a bank is being floated by taxpayers (e.g. the bailouts), but not if a bank is fully in control of its balance sheet. Investors understand the risk. https://www.cnbc.com/2019/03/06/wall-street-bonuses-targeted-again-by-bank-regulators-wsj-says.html
Would you take a high salary ($80k+) but minimal bonuses, or low salary (less than $30k) with unlimited bonus/commission potential? I’m in between two offers for a private banker role
Anyone know or familiar with Regions Bank FA program? Do they have a good culture, steady referrals and what’s the comp like? Just evaluating... Seems like they are rapidly/aggressively growing..