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I have an offer with Capita plc for 22 LPA for 5 yoe.
It's complete WFH.
Tech stack is spring boot and microservices.
Is it a product based company or a service based company?
How wlb will be in Capita plc?
I have been offered 6A band as senior software engineer, so is 22LPA fair compensation?
Thanks in advance.
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Yosemite JFK to SFO
In case you’re wandering and wondering 😆
The court of public opinion needs a mediator 😩
Hi fishes,
I am planning a switch so was going through some salary data for a software engineer. My ex-senior manager recommended me a website: Growceed.com which helped me a lot in getting clarification about a lot of things but I am in doubt whether the average salaries of software engineer mentioned on Growceed.com really that much in top MNC companies.
Anyone gone from PA to CBRE ? Do you like it ?
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Anyone in SoCal?
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Next imp question- subtract managed money fee; now how much...?
Sure a lot of firms pay 90% but if you’re paying 12-25 bps for managed money/models then your take home is much diff.
Example. Charge 1%, model costs 15 bps, you’re at 85 bps. 90% of 85 is 76.5 bps take home.
Wish there was a little more clarity on true costs and pay. Dig for truth.
Indy’s charge an “admin fee” that’s in the fine print and very rare for advisors to know about. It’s based on account size and it’s before the grid. Roughly 10-15 bps at LPL, 8 at commonwealth, etc. This is not a managed account model fee. This is one of the main reasons to do a hybrid - to cut this fee and their stated rate of 5-10 bps. Between the two can be 25% depending on the firm and advisor production on managed accounts
Lastly, most wirehouse/bank advisors don’t pay for marketing, the office, staff, like independents- so the above numbers are not a true take home comparison
That “admin fee” was exactly why we went Hybrid and left LPL but it was closer to 20-25 bps once adding transaction costs in there.
$350
I’m 1000$. don’t pay management fees as we build our own models. BUT, there are tickets charges, office expenses, et al. True payout is around 85% when all is said and done.
@OP - your question was $1k in GDC - how much is your payout. 90%. What you’re changing the question to is what are you charing your client. 1% + ?. The ? is whatever the SMA, Mutual fund, ETF, ticket charge, etc. GDC payout is 1%, total cost to the client... ~1.50%. The .50% covers all the ancillary costs and the 1% still pays 90% of the 1%. No additional costs on my end.
Tomato, tomato - I assess a fee to the client then that fee is reduced by ancillary costs after which I receive a payout on what is left. FA1 you assess the fee based on what you want to net then pass along the ancillary cost to the client; tomato, tomato. I’m not OP btw, was just adding info for clarification purposes since there are a lot of folks that hail from different firms and frankly I’m curious to understand the minutia myself. Good input though and thank you.
Let’s ask the question this way. Say you charge your client 1%, what percent is your total payout after all expenses per product?
Yes, me too. Luckily my commission business was small enough that I’m completely RIA now. E&O is 1/3 the price, all the other nickel and dime fees save $10k/year not to mention ~20% of advisory. Crazy
About 670 once the bonuses hit.
Finally, a financial advisor who understands basic math! Love when advisors factor bps on a platform fee into their true cost. Firms crest smoke and mirrors to make you think you’re at a 90-100% payout. Not saying anyone should work for free, just that there should be transparency and information. The cost for service should also be reasonable.
900
$880
$450 Prudential
$1000 RIA. Also, Internal admin fee on managed money is big at LPL and all Indy’s which is never counted and rarely known.
In a bank totally different... make about 38 percent on 1000 gross... part of the lower payout is also due to what the post above said is there is cost with managed money and ticket charges too
All comments above are true. I run my own models which have no ticket charges. Client pays $1000, I end up with $900 but have to stick with ticket charge free positions. If client account is over $1mm and we want to go outside that model then I get $840 from $1000
$930... Hybrid
910
$910