Financial Advisors

Has anyone ever considered bringing on a Jr. Advisor and paying them a salary?

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I hired a Jr. Advisor who I handed about $5 million in shit accounts. I can say he has made my life easier as I don't have to deal with those customers again. He got a salary for 2 years, now swims for his life.

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I just hired a salaried planner ($40k plus bonuses).

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Where did you guys find them? I’m wanting to take on an intern/junior planner to market and be an assistant when needed.

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Start with interns from the local business school. Hire 8-10 keep the good ones and hire them AFTER they are full trained if you like them. If not there's a fresh batch of interns every semester. Check out www.handshake.com

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By hire I mean pay them after they intern.

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I took on a shared junior who had a salary and 2 other senior FAs. Gave about $6mm AUM of <$100k households. Didn’t benefit me at all other than offloading the clients. Also didn’t cost me anything. So....

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I have hired 2...both salary. One didn’t work and the 2nd appears to be going well so far. I’m a big fan of paying salary, providing ownership oppo’s over time and all working toward common goals. It matters that we are at capacity and don’t have growth problem so only way to grow is by adding people (or firing small clients and going to get bigger ones, but I’m not willing to do that).

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We pay a floor to everyone. So it’s like a salary but they can make more if they produce more.

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Related Posts

Anyone use Robert half salary guide when negotiating salary?

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I got an offer from a big 4 as S1,i'm already S1, and 15%+ in salary, i want to propose a counter offer as S2 but i know i've little chance to get it. Is it ok at least to get ask for 25%+ in salary?

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Is anyone familiar with the salary + bonus expectations for corporate strategy associate (w 5 yrs exp) at a large asset management firm?

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Working on a potential offer to join leadership team of 3 co-founders as essentially the CEO-1 for 2 tech delivery firms of <50 people. They've asked me to outline an OTE based in base salary and % of revenue, haven't really negotiated this before, any insights in how to decide my ask?

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I got an offer from a company in industry. The offer met my $ expectations. Is it worth to negotiate something else other than salary? If so, what?

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What would be the target base salary for a corporate strategy position in the TMT industry? Bonus? Thanks.

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So I seem to already have a lot of interest from industry recruiters early on (1 year exp), is this something i should bring up in comp meetings? No plan to leave for at least another year and a half

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What’s the salary range for M1 in Toronto, Canada?

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What is typical Bonus In Deloitte Tech consulting ?

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What is the salary range (base + bonus) for manager 1 at Deloitte analytics practice ??

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What's the most you've had a salary bumped through negotiation?

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Let’s hear it finance ppl. Salary & city

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What's the salary range for SA at KPMG? Glassdoor says average is 87.5K and range is 60-135k. Is it pretty accurate?

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Salary range for in-house director level (PR) in NY?

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I wonder if leadership knows that a majority of the staff about to get promoted to senior are going to quit. Do you think they will do anything to keep people around? Similar to bank your bonus.

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Non-MBA M1 salary in Tier1 City?

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Compensation for FTI's Merger Integration and Carve Out group? 5 years experience, currently a consultant at ACN Strategy expecting promotion to Manager in December

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What’s the salary band for a group strategy director in NYC? General guesses welcome, experience aside.

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What's the bonus structure like at EY?

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What’s the level of SM at Booz in DC? # years experience and salary?

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Additional Posts

What are some of the strangest things you've been asked or required to do as part of a job interview?

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I find W hotels to be extremely douchey. There. I said it.

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Help! Got an offer to start on Oct 19th (non-consulting), but I just found out i got a MBB interview. Do I go ahead and accept the offer? The company knows I’m in the midst of other interviews. what’s the best way to keep my options open??

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Removed my partner from LinkedIn coz I was open to work .... in next 2 weeks , I was fired .... lol ... thanks ... who wanna work for a toxic partner , dining things which I care , hope things be back to normalcy .

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Being headhunted for a few portfolio ops / research roles at growth equity firms. Thoughts on prestige for MBA admissions? Is it worth it to move or stay in consulting (kearney / s& tier)

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Do people hop to other consulting firms for a promotion? E.g. current firm wont promote me but firm X will.

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Deloitte issues mandatory work from home guidance effective EOD tomorrow 3/17. All US offices to close. Most employees had been WFH anyway but latest guidance is to WFH indefinitely. No client travel.

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New game. Place awkward Easter eggs behind me in video conference calls. Bonus points if I’m leading the call.

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Best SUV in the 20k range? Open to used (2-3 years) as long as mileage is reasonable. Looking for something that’s not too big but can handle Chicago winter. Ideally would want cloth seats, rearview camera, and remote start. Thinking RAV4 or Honda CRV so far. Thanks!

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Has anybody ever left their job to study the CPA or another professional exam full time? If so, could you share your experience and how you were able to re-enter the workforce later? I am thinking about it. Married so could probably survive financially. Would appreciate warnings as well if it is a bad idea. Would prefer to just move out of Big 4, but also don’t want to take a job I will leave within a year. I just feel I’d personally do better studying full time. Some can juggle not me tbh.

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Should I be worried that my H1b transfer petition for my new employer will be filed ~1 week after my last day with my old employer?

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Do you have any tips on how to stay motivated and productive during the day? Pre-COVID and WFH, I could knock out several high quality workpapers a day. Now I am lucky if I can comprehend an email.

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Feeling like my marriage post-baby is in ruins. Feel like I’m doing everything for baby and running the household solo during leave while hubby is back at work. Even worse is when he travels for work

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Anyone who can share their experience flying Air China?

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Are there legacy Parthenon folks who became consultant just recently this year without an mba? Trying to understand if the new title system made it such that only mbas are consultants. Also did y’all get a raise?

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What's PwC severance policy (a little over a year tenure with firm) cryptic invite this week- I know I'm getting canned. Someone please help

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These snow days are killing my utilization rates 😳

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Thinking about getting a nose job in December. Don’t really have a problem with it but it can be better looking. Nows the time, since I WFH.

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Recommendations for good online high yield savings account. I’m thinking Ally, Marcus, Amex..

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My account partner is doing a terrible job and will be getting fired—timeline TBD. Given we are living in a pandemic, I want to give them a heads up to start job hunting. How inappropriate is that? How could I do it?

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