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Hi All,
I have few questions hope someone can help me through them:
1. My joining date for PWC SDC is 6th June, by when i can expect my laptop and welcome kit?
2. Do PWC allow us to use their work on our personal mobile phone or iPad?
3. After joining when i can avail WFH allowances and mobile purchase allowances?Pwc AC
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In Chicago (guessing location plays a factor here). We pay our non-registered assistant 65k. She has 1 year experience but so far has done an awesome job.
If their training is awesome then might be worth it to stick it out. If not, definitely more money out there.
Assuming you're not in a high cost of living area, $45k/ yr is the low end of the range for a registered assistant here. It would be worth discussing at your next review. Come prepared to highlight the business impact you've had & your achievements. If they're not willing to give you the raise, I would start looking elsewhere. You're leaving money on the table otherwise
Depends on a number of factors. I’ve seen registered assistants make 60ish in our group
My assistant is not licensed, but has been with me for over 7 years. She gets $65k a year. We don’t live in a high cost area either.
Well, MassMutual isn't known for paying anything, so I would look at moving ASAP. At a bare minimum you should be in the mid-to-upper $40k's.
I feel like that’s low for a licensed position. Our unlicensed trainees get paid quite a bit more than that. Do you have the ability to make more via performance based bonuses?
And they don’t have to do much work. Just outbound calls, appointment setting, and transferring to us (the licensed advisors). They get anywhere from 2-4 hours a day to study for their sie, series 7, series 66 (or 63 & 65), and insurance licenses which my employer also sponsors and pays for.
If I were you I’d look for another brokerage firm or IA to work at. Where I work is considered to be on the very low end of the spectrum in regards to pay.
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My assistant has no financial experience but does have a background in client service roles and I started her at 50k in the twin cities. You’re being underpaid.
High GDC producers all have one thing in common: Working less hard and having more quality time. Find a high-producing independent advisor team that needs a planner. The planning and insurance part is long and tedious to the higher producer. I've seen some of these assistants make 75k-125k in this area. (Wash DC area). The added bonus is that you will eventually be considered a part of the "team" when the higher producer wants to check out. You'll have clients within that empire who want to work with you exclusively.
You could find another job easily making two times what you are now. I know ML , MS, RBC and others are desperately hiring Client Associates. You should easily be able to get a base of 60-80k and I would negotiate comp from FA to bring you higher. I would start sending out resumes now. I bet you have multiple offers shortly.
Where are you located? I think it's important to know so that we can help ascertain whether it's reasonable for your area.
I’m in Columbus, Ohio
My assistant makes 72k plus 20k bonus if I’m over 1.2mm and 25k into a cb/ps/401k plan. ~115k total. She’s been with me since 2009 and runs everything. She’s the best and has another 10yr in her. If you’re in socal and are interested in being an FA lmk, I’m hiring.
Salary is extremely low for a licensed assistant. You could apply for positions at fidelity making more for example
As others have said, it depends on your location, but I can’t imagine anywhere where that is an acceptable salary. And if after you’ve done your research, you find that you’re being paid $10k or more less than what you should be making, don’t consider staying. Find another place that will treat you with respect and pay you an appropriate amount. They’ve been taking advantage of you.
Does anyone know the salary range for unregistered assistants in Montreal, QC area?
Im a CSA with over 18 years experience not registered i make close to 6 figures. That is extremely low