Financial Advisors Discussions
Salaries

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.

Has anyone done the UBS Wealth Planning Associate Program? What’s it like/the compensation etc.?

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?

How much do you Holiday Bonus your staff? I have 2 Non registered females. Hired May this year. Brought in 25 million new assets to me. Salary is 35k. I'm thinking 1500.00 = 2 week salary.

Looking for advice. I have a junior partner. He is on salary now and will be coming off in a year or so. Trying to figure out how to set up split. I have 200m in assets. I generate about $1.5m ...

Is our comp and benefits really the best in the industry? Let's get some feedback from people who have been at other firms

Anyone work at Ameriprise what are your payouts? Does company take any compensation from you? What are the grids like?

AXA fish, what are your thoughts on the new compensation and validation agreements going into effect?

What percentage of your salary do you guys spend on rent?

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?

Any Questar advisors out there? What kind of retention bonus is Woodbury giving you!

You are hiring a Sales Assistant. 5 days a week. How do you pay her/him. hourly? salary? And how much?

Lost a nice fee-based account today ($750K) to an "annuity" I was stunned. Whatever she's been sold has a 20%(!!!) "bonus". My assumption there is that the annuity has a ridiculous surrender schedule

I made the mistake of doing math today. In my 1st 2 years I brought in 7mm in new assets to my fee-based firm. Good thing im on salary or we'd be broke. If this wad 1988 and that was commission...

What actually happens during a reference check? Is there some permanent record? Do they call previous firms? Check salary levels?

Looking to potentially go back into the chair (was in management until a layoff). Do not have any clients to start with so would need a salary to begin with. In NY area - where should I be looking?

How is your practice structured?Also, do you pay yourself a fixed salary/draw? or do you just take whatever your monthly gross is minus overhead?

This coming year will be the first year I set up as a Scorp or an LLC. My question is not which one should I choose but when I take a salary what should I set it at?

Recommendations for attorney to review partial purchase paperwork? Bonus if worked with Ameriprise advisors

Let's talk comp. If you brought in 1000$ in GDC, what would your payout be on that, and which firm are you at?

How many hours do you actually work a week? Then what's your salary? Seems the more money you make, the less you actually work.

Taking a poll: gender/title/salary/yrs experience

Team of 3 maybe looking for a change of venue. Aprox 100m in assetts and 800k production.

What's out there on the Indy side? Payouts, tech, transition bonus?

Thanks!

What does a mental health day look like for you? Took one today & it was the best thing I’ve done for myself. Bonus Q: did you own up to it being a mental health day or did you go to “the dentist"

We are actively looking for an administrative assistant. Also willing to speak with brand new advisors looking for a salary, willing to provide support and grow into a role as a financial advisor.

Do you Indy guys carry Workmans Comp insurance?

Would you rather be paid hourly vs. salary?

Anyone from TIAA? Hows their platform, restrictions and comp?

Does anyone do a quarterly bonus program for administration staff? I was thinking gift cards, $ or catered lunches but I am interested in a consistent method to calculate the incentive. Thoughts?

Question for other non-owner Financial Advisors at RIAs...

What % of client revenue do you receive for managing your AUM and/or planning clients? And do you receive a salary on top of that?