I’m a CA w/ 1 YOE and I got registered about 5-6 months ago. I was told prior to being registered that I would get a % of production on top of my base salary. That has not happened yet/slash been discussed. I am nervous to bring it up to my advisors because I am a recent grad and I feel like it might sound like I’m asking for a lot, but I was told this and I didn’t even know it was a thing (but I guess it is common in WM). My team has almost 3mm production so even less than 1% would be anywhere

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You’ll have to tread lightly. A % to you means money out of everyone’s pocket. So you’ll have show the value you’ve added since the time you’ve been there.

smart

From 10-20k in extra comp. Should I just wait and hope they bring it up soon?

They will never bring this up.

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Did the advisor tell you that or did management?

Have a convo over the phone and email your notes and ask for verification of accuracy. You need a paper trail on these things. Always get things in writing.

You need to make yourself very valuable to them. A % of their book is very rare for someone with your experience. If you think you are worth that, you need to prove it.

Early career I start with fixed rate, and eventually switch to revenue share as you are more important with the team.

If you are expecting someone to walk up to you and offer you money out of their pocket… you’ll be waiting for a long time

I’m 3 yoe in industry and 6 months into my registered CA role I brought it up and got 2% and 1% between 2 independents, total about 1mm PCs

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