Let’s say you have a book of $100mm with 17 clients total… what is this worth when thinking of transitioning to a broker model? For context I’m a salaried private banker in the US west coast. My network is solely uhnw and I set my minimum at $5mm but the math isn’t working from a total comp perspective anymore.

Early 30s/married female/interests are not only investment management but structured credit and brokerage investments also.

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

I would interview with several companies and have them model comp (and benefits if available) based on your book. Also look at any transition bonuses available and assistance they provide with book transfers and repapering that is required. I would also check your contract for any non-competes dealing with current clients since you likely don’t own the book being salaried. This will give you the best picture of what is out there. Comp can vary a bit based on the B/D. Finally, be sure to ask about cost structures, software, and investment options available to properly service your clientele. Moving a practice is time consuming and normally not super smooth, but can produce huge results once fully integrated. Best of luck to you!

Related Posts

What's the salary range/bracket for IT Manager in Vodafone B'lore & Pune? TIA

What would be a good salary range in CAD for a Group Manager in Avanade Canada? This is in the data and Analytics domain with 8 yrs experience as a senior Data Architect

like

I am a Project Manager 11 years total experience

6 years project management

4 years Salesforce

What should be the salary range I should target for?

Present fixed Salary 15.6 LPA

like

Hi all,

I got offer from below company please provide your suggestions which one is good. All are offering same Salary.

Java backend developer
1. Coforge (client -HSBC )
2. HCL (client - Conduent)
3. Ezetap by Razorpay
4. E-zest solution
5. Algoworks
6. Egencia by amex

like

Is anyone applying to in-house jobs and wondering how to find out salary range before investing too much time with interviews? I would like to avoid asking about salary up front but I don’t see any other way to find this information.

like

Hi Fishes! Can someone tell me what should be the salary expectations for a senior software developer at Microsoft? YOE is 5+

like

What is a % range bump you can see in comp as you progress from Associate to SA at an MM firm? How about within Associate years (A1 vs. A2)? Got an offer from a secondaries firm and curious to know what the jumps are.

like

How to discuss higher salary based on change in expected work hours per week

like

Larsen & Toubro Infotech Is it good time to join Cognizant now for Coimbatore location considering too much attrition in recent times along with many policy changes and do they have enough projects or will there be any chance of layoffs if we don't find any projects for our skill(Tableau in my case)? I have another offer with LTI, Coimbatore for same salary but i prefer CTS more than LNT. Cognizant Larsen & Toubro Infotech

like

Just got an offer for a Cyber manager role in Deloitte based out of Toronto. Transferring from US as M2. HR setup time to talk salary expectations. Any feedback on salary range for cyber Ms in Toronto?

like

What is the salary range for an audit senior in B4 Toronto?

Hi All!

I am currently a Senior Software Engineer(Backend) with 4 YOE. My current CTC is 21LPA (All Fixed) with additional Yearly bonus. I got a call from
Google (Pune/Bangalore/Remote) for Software Engineer - Backend. I have the following doubts but any insights are welcome -

1. Does the lower designation offered make any difference?
2. Kinda ambiguous, but what kind of hike or ballpark pay can I expect?
3. Any similar interviews experiences or focus areas I should prepare for?

like

Hi Fishes, How is Senior Consultant for 7.5 Yoe in EY India, Service Line - Business Consulting PI . And how much ( percentage) annual bonus they usually give? EY KPMG PwC Deloitte

like

What are some exit ops, from Deloitte tech consulting for a C/SC in Toronto? Also expected salary increases?

like
like
like

What salary to expect with TCS HR for 2.9 YOE in plsql development.
CCTC-3.2LPA
Offer in hand-6.3LPA

like
like

What are the best books/blogs/online resources to boost your organizational change management skills?

like

Hey Fishes,

I have few offers in hand and I'm working with DI as consultant. What are the chances that I have to be retained by DI itself? Do they match up with Salary provided by others?

Let me know :)

like

More Posts

Can anyone please share the exact address of the AMEX Bangalore office location?!

Any help / Tip to clear situational based judgmental test

Hi fishes.... Actually I heard that CS doesn't provide laptops for new ENO joinees and tell to join from their personal lappy using CITRIX... Can u s confirm this rumour it's valid or not???

Currently an HR Generalist looking for a second remote job. Does anyone know of any opportunities? I’m currently freelancing as well.

like

I really want to get a second job but I am scared of losing my current one. Both companies are in same field, although not direct competitors so I know it’s technically “not allowed” however, this is the only way for me to get that $$ since I am not paid all that well.

Of course I won’t tell a single friend/coworker. Only my partner. And I don’t post work stuff on social media.

Realistically what are the ODDS of being caught? Is there a legal/HR process with which they could find out??

like

How do you cook chicken breast so it stays juicy? Also how do you warm up leftover chicken so it stays juicy so you can cook less frequently? When I make chicken it is so dry and tastes terrible warmed up.

like

Anyone know anything about doing marketing at BCG DV (Boston Consulting Group Digital Ventures)?

like

Hi fishes need your help in salary discussion with capgemini.

3 yoe
Current ctc : 7.44lpa
Offer in hand with amdocs : 12lpa

Can I ask capgemini : 14lpa ?

like

Is it true we need to return the joining bonus along with GST if we resign within a year in FIS?
What if someone resigns a week after his 1 year completion? Do they still need to pay?

like

What is average salary of a person who join cargill as Professional band?

What's a product manager's expected salary with
Total YOE - 3.5 years (PM experience 2yrs)

like

What salary to expect for director of pharmacy at encompass health?

like

General question: Is there any room in corporate America for real, actionable DE&I discussions and initiatives? I've observed so many corporate versions become an advertising strategy (SM posts, diversity reports) without doing the actual work (increasing representation in senior leadership, salary analyses, having an effective reporting system for bias). Is this just how it is?

like

Hi everyone! My names Diana & as a new account manager I’m having a hard time building up my clientele, it seems a lot of companies aren’t up for as much contract work as there used to be. Any tips or companies you may know that would be good to go after? I work for a technical recruiting company and we specialize in contract (otherwise things would be a lot easier) please reach out!

like
like

I'm launching a small PE firm and need advice on structuring equity for early founding team members.

I don't want to give up equity in the firm for several reasons but I do need to incentivize my team.

Should I offer phantom stock or form a subsidiary LLC and issue stock in that but always own the parent co? Or just offer carried interest for deals they each manage?

like

For those who wake up at 5,6 or even 7am - how do you do this in this cold, dark, hopeless weather? Any tips for that? I wake up with my alarm but it's so cold and dreary and annoying that I go back under my sheets....

likefunny

I really wanna get out of NY, even if just for a few years, but I feel like most low COL places don’t have great agencies or work. Anyone make a move for a bit?

like

What is average cost of living near jp morgan office in bangalore? (PG/ Flat/ Apartment)

like

Book recommendations? All genre welcome but I usually read nonfiction

like

Additional Posts in Succession Planning: Buy/Sell Practice

Think about this for a minute... why would you sell a book? Because you didn't want it anymore or it was beyond its useful life, kinda like an old car... it's old, rusty and needs more maintainence than it provides useful transportation, it's in the repair shop more often... everytime it goes in you find something else wrong with it? Plus, the prices the buyers are willing to pay are outrageous, by the time you get it paid off it's in the junk yard. No easy solution to building a sustainable business except hard, persistent work. Control Your Future, Go Indie RIA!

like

Any bank reps have experience buying their book from the bank?

funnyhelpful

Looking to buy a book of business or partial book in Ohio. Will consider all sizes, even small. Please contact me at 513-317-2265 to discuss. I'm licensed in OH, IN, KY, and NY.

Anyone in Maine or New Hampshire?

Interested in selling my book of business and exit the industry for personal and family reasons. Approx 16 ml in AUM and $100k GR. Located in Memphis, TN.

like

Anyone looking for a junior partner in Kansas City area?

like

Has anyone hired a consultant to find them a practice to purchase? I'm not asking about the big players like KMG or Succession link.... I'm asking if you've worked with an individual contracted consultant... If so, wondering how the experience went.

like

Purchased a book internally via sunset agreement doubledthe aum and asset base over 2 years, worked out great. Would like to do it again, located in Southern California. Could offer bonus plus sunset.

like

Looking for practices in Oklahoma and Arkansas to possibly purchase.

Shot in the dark…Any independent/hybrid advisors seeking a female successor?

like

Chicago & suburbs: seeking advisor min $20m AUM to change firms and team with me at my RIA to service clients better as co-advisors and build practice. Great tech, transition, and admin support!

Anything for sale anywhere in the continental US let me know.

funnylike

Anyone in metro DC looking to transition out?

like

How do you find firms/books of business to buy? All the posts on here are buyers looking for sellers. Where do you go to find someone looking to sell or retire?

Anyone looking to sell a book in Central Mass?

What do you feel is a reasonable multiple to pay for recurring revenue (wrap)?

like

Looking to buy a practice in the St. Louis, MO area if an advisor is ready to consider retirement, could transition over 1-3 years as desired.

Anyone here had success in purchasing a book? If so, would love to hear about transaction and how it went.

like

Wells - curious. Where are you and are you buyer/seller? I'm guessing buyer and all the stats I read are completely in our favor, yet I feel like books of business should be going for sale every day and I struggle to find any good sellers?

Looking to buy from retiring advisor in Indianapolis.

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal