Financial Advisors

Does Jones start folks out on a salary and then commission? How much could he expect to make the first year?

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He needs a 7. He has options but will most likely go on a declining salary for three years as his percentage of commissions rise during that time. Year 1 18-20%Year 2. 28-30%Year 3 38-40%Plus years 4-6 he receives a bonus on all new assets in years 1-3

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Salary probably around $40k, could be more or less depending on his credentials and negotiating skills. First year $60-$80k. I'm in a town of 12,000 and we have 5 offices. It can work great

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If your interested in being big insurance guy, go to an insurance company.... Otherwise I think salary is about 70% of your current salary. As that declines your commission payout goes up

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Doesn't Jones send your insurance production through the grid and fuck your payout not to mention extensively limit the carriers you can sell through? If someone can confirm this, it might help you convince him no to go there.

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Payouts have changed with DOL. With profit sharing, bonuses, and base salary I made 130k my first year. The new asset bonus is several dollars per thousand. And I qualified for 2 trips. Some people make a much higher base salary than 40k. Another guy in my region gets 65k for his base salary

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are you receiving any AUM? That may determine your success. Base will depend on your area. If you are looking for a high payout grid independent is highest. The Jones guys above will know salaries better. Pluses and minuses to each. It's a marathon not a sprint good luck

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