I am curious. What do you pay your registered CSA/CA/assistant? Do you pay a % of revenue or a flat amount monthly? Do you bonus too? What’s a good % of revenue for them to work towards getting, 1%, 2%? Do you even know what they get paid by the firm?
I have heard many mixed things, so I’m truly curious what has worked for others.

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I pay my CSA 4% of our total production. It’s definitely on the high side, but he does a lot in terms of the day-to-day, a key reason I have been able to build a decent book of business. I think he certainly has earned it.

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It really depends on what they're doing, just answering the phones and setting meetings? Trades/research/asset allocation? A percent is always nice so they have an incentive to get clients to bring in more assets etc so they grow as you grow. The firm should tell you what sort of base they're getting paid. Remember though, they all talk, you don't want to be known as the cheap advisor because if/when you need someone new, no one will want to work for you.

Not sure what you do in production/what their base is but it sounds like you should be taking care of them.

smart

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