{ "media_type": "text", "post_content": "NM WMA with $1M+GDC but not enough ins. sales according to 'Mother Mutual'. They'll cut my grid by 5%, increase program fees for us AND advisory fees for clients. Any former NM reps go indy out there?", "post_id": "5a3c74415a37340018eff5bf", "reply_count": 6, "vote_count": 6, "bowl_id": "599feb177c057d0010be0554", "bowl_name": "Financial Advisors" }

NM WMA with $1M+GDC but not enough ins. sales according to 'Mother Mutual'. They'll cut my grid by 5%, increase program fees for us AND advisory fees for clients. Any former NM reps go indy out there?

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Nothing like making advisors push more products...I’m frustrated too...

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Mass has two Comp grids. Your AUM grid is not dependent on insurance sales but your grid can fall 5% for an entire year if you miss the AUM break by a dollar. Mass insurance commission has different bonuses attached for if you don't hit minimums, you lose subsidy on health insurance and have to pay full premium. I have to say I don't appreciate product quotas. It is contrary to fiduciary approach.

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I know a fair number that moved NW to Mass Mutual. Better set up for reps like you.

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Last year HQ rolled out new comp plan pointing out that "if you do 10% more business, this new grid will not affect you".

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Mother Mutual is adjusting the grid and the integrated practice model for 2018, however as a newer advisor (5 years). They still seem to be in their own way when they build out our technology and wealth Mgmt platforms just to harp on lives and new clients over and over. At least in my GA. I’ve been looking Indy myself just for the flexibility.

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You can do "Fee Only" biz and transactional biz w a "Friendly BD" with the right Platform Services Provider... check out: www.apa-ria.com and see if anything clicks.

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