Looking for some advice. I've been talking to another advisor thinking of bringing me on as a "Junior" and a salaried position plus bonus. His book is grossing 900k a year and my book that I would bring along is grossing only 20k. I have been in the business 4 years with a transition to independent (LPL) halfway through that.
My question is what is a fair compensation plan? What a good starting salary I should ask for and what benchmarks should I measure my bonus on?
Thank you

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

What are you doing for the salary part? What % of your sales income would you keep

Unsure for both those questions, looking for examples of what salary and % sales income might be.

Base salary will depend on location, but should be enough to pay the basic bills, but low enough to drive you to work hard to get off of it.
While on salary you should get a small cut of what you bring in until it's enough to live on.
The biggest pitfall to a junior set up is spending too much time helping the senior with their book and not having any time to build yours.

Related Posts

Hi folks,

I am looking for ReactJS developer role/ frontend developer role
Total experience 2.8 years
Relevant Experience 2.3 years
LWD 5 August
If vacancy available kindly refer me
Thanks

like

Hi fishes,
I will be promoted to A from this Oct . Pay scale will change from Oct . So will I get yearly hike or they ignore it ?

like

Can anyone please help me to figure out how much is fixed and how much variable?

Post Photo
like

How much should I be making as a full time manager at a full service car wash after running it for 5 years?

like

Is it possible to make a transition to VC (ideally senior associate / vp role) after a two year Associate stint in MM PE? I worry that the prior interest in moving late stage will be frowned upon by early stage investors among other issues

like

To those in non-MBB: Would you rather have an offer in hand right now for MBB or FAANG pm? Assume it’s a lateral transition.

like

Has anyone returned to HSBC after quitting with a better hike ?

like

Hi there -
I applied to an experienced consultant position at Bain and just heard back. Yesterday, I received an invite to a HireVue one-way interview to complete. Today, I received an invite for a coffee chat with a consultant. I’m of course going to do both, but the emails make it seem like they are almost two separate paths/disconnected processes. Can anybody offer some insight into each of these/the process?

like

Is EY GDS providing any joining bonus ?

likefunny

Any insight into the base salary of a Team Lead in Client Services at Fidelity Investments is? Currently have an offer yet it was lower than what I had anticipated.

like

Leo Burnett celebrating their "welcoming environment for working mothers". Does that include paying their creatives well below market rate?

likesmart

What’s Accenture’s S&C bonuses like usually?

like

I’m looking for a position with a good organization as a 100% remote case manager. A position that meets my salary requirements and has good health insurance. I love case management and found it when I needed a break from bedside. Any guidance would be deeply appreciated!

like

Hi, I have 6.5 YOE in .net Full stack development
Having two offers Siemens 17 LPA fixed + 1.5 L joining bonus and simply healthcare 18 LPA fixed
Which one is better?

like

Is it good to chose Mexico as an onsite opportunity? If yes how much package I can ask for 5year of experience so that I can save some

Does anyone has any openings related to PMO Lead PM etc.

Solutions Architect with 20plus experience. 70/30 OTI is about 255k in the Washington DC area. Can I can make more elsewhere? Commision plan is favorable but just curious if I can get more just for 100% of quota.

like

Hi everyone!

Can anyone provide a referral for a senior technical program management role at
Disney Streaming Services?

I’m currently the head of operations for a start-up and have over 6 years of experience in technical program management.

Any help is greatly appreciated. Thank you!

like

More Posts

Imagine being an auditor lmao

funnylike

Good morning, I work for Solugenix placing top notch candidates at companies throughout the US. I just started at Solugenix so anyone who needs any assistance either finding a job or looking for candidates please let me know. Thanks and have a great day.

like

How to submit papers/resign/inform PwC SDC about resignation?

Is there any option for this on workday?

like

How is the work life balance in biz ops? Currently have an offer but haven’t been able to really figure this out. I’m moving from consulting

Tips on getting a job at Wing? Im finishing my masters rn and would love to join after im done

like

Dress for the day is embarrassing. Here in Chicago it’s more like dress like an idiot. Tuck don’t tuck, belt no belt, what the hell is an acceptable shoe, no one owns an iron. Looks like DMV usually

likefunny

I totally just got crop dusted! I freaking hate open office floor plans.

likefunnyuplifting

What can I expect in terms of comp for incoming S2 from audit to FDD? HCOL

like

How long were you a senior in FDD before things started to click? Really enjoying everything so far but feel like I am behind my peers. Been about 7 months now.

like

What is being DLP blocked? What's the worse that can happen if you get DLP blocked?

Manager at Avalon consulting or Manager at DI S&O. Which one is better ? D is offering 30 and Avalon 33 lakhs

like

Hey all! I am currently a student in my final year of complete a Computer Science undergrad degree and am currently looking applying to remote college graduate positions in software engineering/development. Does anyone have any advice for landing a position (or a position they could help me land <3)?

Post Photo
funnylike

What can I except a product manager role interview questions to be?

like

Any TCS manager? Need some insights.

like

Online dating apps are a mess 🤢

like

Hey you guys! can somebody please help me answer these questions!

1. WonderWorks wants to increase hospitality sales by 25% in the next year. What are some sales and marketing strategies you would use to increase sales with our corporate partners? Outline a variety of paid and organic tactics you would use, indicating any potential costs that may accrue in your plan.

like

Are there any new requirements or projects in Deloitte USI for SAP SD? Or there are already people on bench looking for projects? Just wondering as I am not getting call even though on notice period.

like

Book recommendations? I’ve been reading atomic habits, and have moved onto Traders guns and money.

like

28F looking to move to SD in the next 6 months from DC and wondering what dating in San Diego is like?

like

Additional Posts in Financial Advisors

What is your go to watch in the office?

like
like

Saw a JD Melberg and got me thinking. Surprised insurance companies don't get scrutinized more. Seems w the number of complaints on VA's, there would be more regulation over this type of thing

like

Have a client who can be a pain in the butt. Very demanding when he wants something. Only wants something a few times a year, but exhausting when he does. Almost 1m all managed. Keep or let go?

like

It's March, and I have done a lot of seminars in Jan and Feb. I've gotten a few clients but would like to increase AUM drastically! Any books, sites or advice on what I can do for marketing?

like

Anyone here in Santa Barbara CA?

like

What is the most expensive thing you have ever bought? How much did it cost you?

like

I am interested in speaking with FAs approaching retirement. Many have no continuity/succession plan. I want to help develop that plan and find them a successor. Do you know anyone I can assist?

like

Has anyone bought a list of prospects that was actually legit? If yes, what company did you use?

like

Anyone looking for a succession plan or looking to sell their book? CFP with a decade experience in Wealth Management.

like

Who’s working away from home remotely? What’s your setup?

likehelpful

Question for my 401k focused advisors out there--what programs are you using that is instrumental to your 401k practice that you simply can't do without? I'm being pitched on Envestnet & im not sold.

like

*** CFP Prep Materials ***
Is anyone interested in purchasing CFP prep materials? I have Dalton study materials including their course books, their review study books as well as their flash cards.

like

Trying to gauge what everyone is giving to their sales assistant for the holidays?

like

One of our older advisors is about to retire so his book will be split amongst us junior advisors. What can I do to pitch myself to him and to management to earn the bigger accounts?

like

Curious, what is your company's paid parental leave policy?

like

Completely psyched myself out in an interview. How do I recover? I just got so nervous

CFP thinking of taking a few month career break to search for a new position. Need a recharge and to reevaluate, not to mention time to search. Would this be a mistake? Thanks

like

Just lost out on two potential clients because they said they were concerned about how many clients I have. Currently have approx 250 households ( Ed Jones speak for mailing groups). I never thought that was a lot but now I am reevaluating. Curious as to how many relationships you all manage.

like

I think I’m addicted to diet soda. I don’t drink coffee or alcohol but probably 60 ounces a day give or take. I drink it for every reason (or excuse) you can think of. Continue...

like

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