{ "media_type": "text", "post_content": "I’m a new financial advisor and joined my first firm that is with Securian. We get paid a commission and fee(if we charge). I do not charge a fee. I am trying to understand more of the different firms and why/how they charge. What is better? I was approach with a potential opportunity at Raymond James but they are fee only. How is that structured? 30 AUM at RJ is what in salary?Raymond James", "post_id": "61a0e7250744a9002cc02f53", "reply_count": 1, "vote_count": 1, "bowl_id": "599feb177c057d0010be0554", "bowl_name": "Financial Advisors", "feed_type": "bowl" }
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The question should be why are you not charging a fee? Managed accounts, you charge a % based on their total holdings. You are working by managing their portfolios, why would you not get paid for it? For a true FA, you either make money by charging a fee or commissions, that’s about it. If you want a salary plus bonus, you need to look at being a bank based FA.

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