OKAY FINANCE FRIENDS, how unrealistic is this?! Leave stressful role as an FA with a $1mm book to go and be in Investor Relations of some sort—the role is hybrid and allows for WFH and travel, but still in office 2-3 days per week.

Does this role exist? My salary is $175k and my max bonus if I get one annually is around $50k— 32F, West Coast, HCOL.

I’m burnt out on my comp plan that’s discretionary AF and there has to be a better way. Every year the goals get bigger and I’m TIRED.

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Sounds like you are exactly where I was just few months ago. I was also in Private Banking working a $1.6Bil book and jumping between lending/banking/investments, getting paid crumbs compared to the revenue I was generating. Made the shift to become a branch-based Advisor at JPM and couldn’t be happier. Clients are smaller but plentiful, workload is manageable and I feel like I’m really making an impact in my clients life especially for what concerns retirement planning. I had to take a pay cut initially but the base/draw is still decent while I’m building my book supported by bankers sourcing me with leads.

likesmart

You have a VERY good salary with only a $1m book.

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That is a horrendous payout then lol

Your salary is 175k and ur book is just 1mm? Plus you get a bonus?? The stress is just from the goals? Or are there other stress factors?

What are you doing marketing wise to bring on 20m yearly of new assets

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