I am looking to negotiate my compensation structure. I work for an FIA and I do two jobs. I completely manage the owners book of 150 mil AUM from service, creating new business, planning, and retaining. This doesn't include the big book of annuity only clients. I also try and get new business from leads.
My base pay is $60k with 10% of annuity commissions and 30% new aum first year only.
Your input would be appreciated

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Posting as :
works at
You are currently posting as works at

That sounds like highway robbery

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In your experience was is a fair range?

Seems like you are missing the future revenue component.

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Great insight thank you

For the author of this post: This is what I know the range to be in my neck of the woods, greater NY area (not NYC):
$45-55k unlicensed staff
$60-70k licensed staff
Up to $85k Licensed with recent company/industry experience
Up to $100k for CFP/rockstar
Bonuses at the discretion of the Franchise/Principal Advisor…
+|- adjusted for geographic location

I also saw a recent post that said “the caretaker will always make less than the rainmaker” and that can’t be more true.

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Thank you!

That's rough. What state are you in?

Texas

The smaller the organization the more likely you can negotiate…

Great insight thank you

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