Financial Advisors Discussions
Salaries

new ca on the squad who is purely admin at moment. Eager to learn and likely become fa. Also has extensive network. How would you comp him for introduction he makes into the practice out of the gate?

What was your salary, savings, and price of first house when you purchased your first house?

I am a sandbagger. 8 years in. I always hit by personal goals and try to stack business to hit bonus tiers. My manager is telling me I’m a fool for doing this. I do it to be consistent. Thoughts?

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?

Can one negotiate a signing bonus with Deloitte?

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?

Mass Mutual: how’s comp? Culture?Thoughts?

Senoir advisors and owners: What do you offer in commission and fee splits with junior advisors? what do you pay office staff?

juniors, what is your current or past comp split?

Happiness and potential for growth vs. great compensation -- which one do you prefer?

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.

Best tips and tricks to stay fit and healthy. Bonus for any diets that have worked for you!?

Anyone have insight into American Century Investments on their culture / reputation / comp?

For those that work at an RIA and are relatively “young” advisors - what’s your compensation structure? Base + bonus + referral fees? Split rep fee?

What’s comp like at Northwestern Mutual? What percent of production do they pay out in the early years and what are the rates like for renewal business? What do they pay on proprietary life and annui

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 +

Any Thrivent Advisors our there? What is the compensation structure? What is the culture like?

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?

Any Fidelity “Financial Consultants” or “Investment Consultants” out there? Curious about the ins and outs. How much if any autonomy, salary and so on. Thanks

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

For those who are commission-only (no salary) What do you do about jury duty?!???? Help!

For anyone receiving a W2 for FA comp: what changes has your firm offered to compensate for the loss of itemization?? Any firms allowing .58/mile or flexible amounts within business expense accounts?

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..

How much of your salary do you donate and to what organizations / causes?

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?

Comp and performance expectations for new college hire, Jr acct manager? We are contemplating hiring our first jr assoc fresh out of school. What is reasonable comp and expectations for new revenue?

Would you move to an arguably weaker bank/firm for a significantly higher comp?

Best tips & tactics when it comes to asking for a salary increase?

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.