{ "media_type": "text", "post_content": "For those advisors working through banks-what are the different compensation arrangements you’ve been offered or participated in? How is production tracked? Mostly individual or are teams more common? Any insight is appreciated.", "post_id": "61b2b04a70ddcd002aaa9af6", "reply_count": 3, "vote_count": 1, "bowl_id": "599feb177c057d0010be0554", "bowl_name": "Financial Advisors", "feed_type": "bowl" }

For those advisors working through banks-what are the different compensation arrangements you’ve been offered or participated in? How is production tracked? Mostly individual or are teams more common? Any insight is appreciated.

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I'm at a super regional bank, it's a pretty standard arrangement. I'm on a grid based on 12.month fiscal year production. Get shared support at a certain level then dedicated support. Receive RSUs that vest over 3 years at a certain level as well.

Our "private" team has much different comp structure as they are a Trust company

Very similar for me. Payout is based on last 6 months production. 3yr vest on RSU's reserves at 3% of production, potential 2% of production annual bonus for hitting a revenue goal, potential for 6% revenue bonus each quarter for net asset flows and net new households. Add it all up and I'm basically at a 50% payout in a bank program.

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If you work as an employee of the bank ie chase or BOA, you’ll be salary with bonus incentives as sales goals are hit. It’s all individual production

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