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Hi everyone! Does anyone in here work for Omada Health ? I have an interview next Wednesday for a PT Member Support Agent role and am unclear on what the pay could be. Glassdoor has the pay estimate at 42k-48k, but I found a comment where someone in the same role mentioned only getting paid $12/hr. I have 8 years of experience as a CSR but I’ve had a couple year gap in between now and my last job. TIA Any advice helps .
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We call advisors Financial Consultants. That’s kinda what most people in sales is shooting for. It’s a grind. You don’t really get paid for AUM. Instead you get paid 10bps on any new managed money or insurance solutions. You get paid that 10bps once. If you hit certain metrics you get monthly, quarterly, and annual bonuses. But you’re constantly trying to get new business because you don’t get paid regularly on the advisory fee like most advisors do.
I doubt you’d get hired as a Financial Consultant with the experience you shared. You’re probably going to shoot for Investment Consultant or Planning Consultant. You’ll make right at $100k in those roles.
Investment Consultants have opportunity to make more because they’re getting paid to put clients into solutions. Clients with a lower $ amount than Financial Consultants would be talking to.
Planning Consultants are support for the Financial Consultants’ books of business. The job doesn’t really have metrics so it’s not as easy to prove your success as a salesman. Mostly just calling clients and updating the planning software we have on file for them. Some selling here and there.
A third option might be Relationship Manager. They’re also a support for the Financial Consultants but mostly focused on service items, completing transfers and such. They get paid around what you’re making now.
Financial Representatives work the front desk, walk-ins and hate their jobs.
These are all branch roles. The same roles exist at regional sites plus hundreds others.
VP is a % and FC is tiered
Continuing OP.. Not really interested in taking a pay cut, do you think Fidelity would give me an opportunity as an Advisor and sponsor my 7? I might be able to convince my current bank to sponsor my 7 as well.
Also, I would say try getting sponsor at your current firm if you have the opportunity before you make any drastic move. I was on similar situation as you, because I had same experience and licensing as you but in my case I went independent with NYL and I don’t regret it. However, independence is not for everyone. Think your options deeply
Consider Merrill..
they actually have. Development program for field based FAs. They sponsor your 7/66 then put you through a training to get you into the FSA role.
Your base might be a little lower, but once you start building a book (not yours that’s the downside) you can make great commissions.