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I met someone and their son is a director at Morgan Stanley. He told me to give him a call and potential have a talk about working there . How are Morgan Stanley advisors compensated. I ask because I left another firm and they have tried to charge me charge backs on commissions that have come back.
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That sounds accurate . Citi has close to the same level for Senior Wealth Advisors . Remember - this is a draw and the advisor needs to cover that first in their monthly commissions and then the advisor keeps a percentage of whatever is above that amount .
Within 3 years ish. New advisors make between 60-84k on draw
What location?
What you’re seeing seems legit for the area. Ball park between 100k to $180k with median being around $120k