Is it common to have no base salary, comp of 50-75% of target premium? Seems like a lot of uncertainty… especially early on with no book to show or much of an experience, scared won’t be able to make even a bare minimum

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Saw a job posting at Deloitte for a Manager of Wealth Management, looks like you develop financial plans and provide advice for a variety of executive/senior team members. Anyone know what kind of salary that pays?

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With RegBI almost a year in the books, what are your firms requiring to meet the best interest requirements? Any comp changes? Additional disclosures?

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Please tell me if I’m wrong. I started advising with no experience at the end of 2019 with a 6 month old practice within a huge partnership. No salary but was told there could be a book of clients for me. In the first three months I was really active though of course I was very scrappy as I was just learning the ropes. Obviously COVID hit and we’ve pretty much been in lockdown ever since (not US based). By Q3 the shock wore off and we all got back to it (my boss included). I decided to focus on

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New AWMA... curious to know what a reasonable salary expectation is and what the growth looks like for an associate within a growing ensemble. For context, background is more analytical, taking CAIA level 2 in a couple weeks, then plan on pursuing CFA.

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What kind of salary would a new financial advisor at a bank be paid? I am trying to get an idea of salary ranges and online search it’s kind of hard to narrow it down.

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Alright crew, I need some advice. I’m currently in negotiations to possibly leave my firm (Merrill Lynch) and work for an RIA. I will be given a salary to service some of their current clients and then a split for clients I bring in. They will also put prospects in front of me and I will own my own book. Should I do it? I’m making a nice salary in the FADP program but I know that won’t last forever.

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I wonder if anyone here from an RIA has been exploring merger / acquisition with another RIA and what multiples are currently trending? Also, please give a me perspective on comp structure, deal structuring.

I'm at a bank broker-dealer and we're moving to LPL. The more I'm learning the less excited I get in regards to fees and compensation. Anyone in the bank environment gone through a change like this? Any advice on possibly looking at moving?

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How do you know when to listen/learn and when to be maverick? I work for an incredibly successful company but they’re known for being old fashioned. I was hired for my creative approach to FA but the training I receive is still old boys club style. Management are on my case chasing for numbers (they don’t pay a salary so I have leverage there) but I’m at a stage where I’m keeping my head down and building my business how I want to. By that I mean I’ve built a fully autonomous, slick sales funnel

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I graduated college 2 years ago and started working on RIA in FL as a Research Analyst. During this period I got my series 65 and brought to the company two clients (total assets of $3M). This being said, I am not very happy with my compensation. I know I am just starting my career, and that I need patience. I will like to get other people insight on how can I grow and earn more $$ Should I get a Masters in Finance? Should I start looking for a job in a BD instead if RIA?

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Curious to get an idea of where my company compares regarding compensation. I am one of a team of 5 advisors dedicated to about 6500 individual clients and $2.97Billion in client assets. Each one of us is fully licensed (7,66 and insurance), and I hold my 24. My base is $80k with a VC target of 40% of base salary. Goals are mostly made up of client satisfaction surveys, asset additions, and retention. I feel that we are grossly underpaid for the role, but not sure exactly how that compares.

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Hi everyone, need some advice. A local b d / ria has an opening for an Advisor. We provide the leads in the form of current abandoned brokerage clients and the advisor just needs to build relationships and grow the business. In addition he/she would have the opportunity to build and lead a team of other advisors. For a candidate with 12+ years of experience what would be an appropriate compensation structure (base plus commission %) Thank you in advance for your help.

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Two office shop... 5 advisors... two junior, one mid career but starting over after leaving a bank program.... two senior top producers....love to hear junior advisors thoughts on fair compensation and path to success as part of the team... love to hear what worked for senior advisors growing their business....

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If anyone is interested eliminating the IFs in their employee model practice let chat. I’ve been consulting advisors for the past 10 years on ways to dominate the IFs. Doing so creates consistency leading to focus and focus equals growth. What are your IFs - comp- product push- flexibility- compliance restrictions ????

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8 yrs in the business and my take home pay is around $130k but I run my own book and on no salary. I’m being offered a salary position at Citi to be a private banker for $150k + bonuses... Would you jump ship? I’m seriously considering it

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Curious what everyone’s bonus structure for their admin staff is like this year? Obviously a crazy year and they came in almost every day among everything has happened and has done quality work. Do you base it off of growth at all? Percentage of salary? Doing anything outside of your norm for 2020?

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Is there a entry-level FA or associate position out there, that offers at least an initial salary? Everything I see is full commission which I understand but what about the ones looking to learn their way up? recommendations? Thanks

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Have a long term goal of growing a full service office. A team of wealth managers, planners, life insurance agent(s), PC agent(s), etc. with support staff as needed. Everyone has a role. My question is how should I structure the comp? No idea what’s standard in this structure or where to even research models in our industry. Any ideas?

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Advisors under 30, which is more attractive to you: 100k salary, 80k plus bonus opportunity (bonus between 5-40k), or 40k salary plus 50% of production. First two include heavy non solicit contract, last option is full ownership of your book. Which one and why?

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Getting headhunted hardcore for a salaried banker position ($100k+ bonus) and right now I’m making $65-$70k as an FA in a development program. I’m hitting my tiers but I hate the program. This banker role would not have me in a program... what are pros/cons to leaving to go to a role like this?

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Lots of RIA’s are hiring salaried advisors. What’s the average salary for a salaried advisor position?

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Hey guys. I’m in the Merrill and I make around $55-$60k. I’m being offered a role at Citi Private Bank and the salary is $90k with bonus. I’m considering making the switch b/c the payouts at Merrill suck and I’m burnt out dialing for dollars. The Citi bank position also involves working an existing book of biz and I think I’ll like that better even though the upside in $ is limited. What would you do? Do you think I’ll regret leaving the fee based model?

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Hey fishbowlers! Question concerning compensation for an FA assisting the main advisor on a $135M book. I am doing a lot of the work now as he is going to retire in 4-5 years and he is taking a step back. I do all the investment management in the account. Only 4 years of experience but I've picked this up quick, am series 9-10 licensed and halfway through the CFP. What is fair compensation for someone like me? I don't know what is typical or fair.

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Edward Jones advisor with 30 million AUM and roughly 250k gross production. Been there for almost 4 years. Got an offer at Merrill Lynch to take over a 100 million dollar retirement transition plan in 5 years, or to join a 5 person Merrill Lynch team that manages a lot. Pros to EJ: Have my own office, a year or two away from partnership, great office setting and client satisfaction. Pros to Merrill: Bump in compensation, additional tools and services w banking, ability to take over assets.

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Anybody aware of something changing at Merrill? We have a meeting next week that’s mandatory and not clear on subject matter. So typical A type FA, I assume it’s a comp change. Anyone know anything?

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Does anyone know how you get paid in the Raymond James AMP Program? Details of salary and commission payout would be great.

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Does anyone know anything about the financial consultant role at E*Trade and what the total comp look like? What’s their reputation on the street?

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What's the ~salary for Deloitte S&O? Want to compare to my current offer, for C&IP, SC3. Thanks!

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What do u guys think the salary of a IT security manager within industry? Most reqs require roughly 5 years security experience

What signing bonus can a lateral hire first year consultant expect at MBB? Same as MBAs?

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General question- when making a career change, do you always have to go back to entry level? What if you spent years building your salary up and don't want to take an entry level salary but want to explore other career paths?

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Anyone here successful pivot out of agency life into a freelance media/marketing consultant? If so, what’s your story? How long until you made your old salary while freelancing?

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What’s the avg. salary for Sr Art Director in Seattle?

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Those at KPMG, what was the mid-year salary increase like?

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I’m an Associate meeting with leadership about a Market salary adjustment. -Performance has been stellar - received firm awards and client recognition. How do I seal the deal and how much of a %

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Got a meeting setup for tomorrow with a MD. Subject says Compensation Conversation. What do I expect? Ny1 else had such a meeting recently?

Please advise on mid to high compensation at VMware for staff level 1 and 2 positions. These equate to director and senior director with no management responsibilities. Is a 250k base reasonable? Aiming at 325 TC

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Looking for insights on Nike Director role does anyone have actual knowledge on salary and bonus structure?

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Average Account supervisor salary at ogilvy? Thinking about jumping ship but the average AS salary there, according to Glassdoor, is ~67K. I’m making $72K right now as an SAE at my current agency

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Best “apology/compensation” from airline due to poor flight experience?

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Got a healthcare hedge fund analyst offer with 150K base and up to 250K bonus. With comp increase potential but no clear path to be promoted to portfolio manager given the fund size. I have 6 YOE in consulting and a PhD in life sciences. Lifestyle is not much better than consulting. The hiring manager tried to convince me with “long-term upside” but of course cannot commit to anything given the fund is new. Thinking I should turn it down but wonder how others think

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What the salary scale for Managers in NW Region

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Have anyone been low balled when they joined a consulting firm? If yes, how did you go about fixing the gap in salary? I think I was low balled as a senior consultant and there was a gap of about 20-25% when I was made the offer. I was naive and did not negotiate - still living with the consequences.

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If i submit my resignation today, can the firm withhold my EOY bonus? It’s supposed to hit payroll next week

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EY fishes - is the people advisory outside of EY Parthenon? Is there a difference in partner comp if you are people advisory vs. Parthenon?

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What’s the typical salary of a workday consultant at Accenture in the Miami or Atlanta area? 1-2 YOE.

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Additional Posts

Early 20s. Base salary is ~85k, don’t have debt or high expenses outside of normal food, alcohol, travel, etc. How much is generally acceptable for rent in DC given that income. Definitely still want money to save every month.

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I was laid off from a resource management role, working with employees approaching or on the bench, working with managers to staff projects, and support functions like report creation, scheduling, etc. Roles like this are few and many large consulting firms have frozen internal hiring. Do you think it would be beneficial to get a SHRM cert? Would that help get a "talent related" HR role? Worth the money? I have a background in recruitment as well.

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Anyone made a transition from FAANG to B4 or MBB at PPMD level? I understand that culture and WLB is different... but was the transition hard or easy? I am a senior leader with FAANG and exploring options. My background is in sales, delivery, solutions development etc, MBA and MS. Thank you.

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PSA: make sure your auto pay setting for credit card is set to pay full amount & minimum amount. Had to pay $100 interest. Fucking Mint didn't even notify me.

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Finally home. This is killing me. I can’t wait to find an opportunity worth pursuing without travel

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Question: would you dress as a drag queen for a work Zoom HH? The theme lends itself well to being Alyssa Edwards. Not in the closet but not sure if it might be disruptive. Thoughts?

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OK, hypothetical question. If Coronavirus cases will be everywhere in like 4 weeks and people will be sick and not able to work, how do you guys think agencies will deal with it? NYC here.

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Does anyone know the salary range for RSM - CFO Advisory? Senior associate role

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Is PwC's financial services group know for a bad culture like EY's FSO? Looking to transfer to audit but don't want to stay in financial services. PwC recruiter said the open position is for FS.

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Which firm has the best insurance and financial services consultants to assist with IPO strategy? Our firm hopes to find the right team to complete this and would love to connect. Thank u!

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How do I know I am a consultant? When I type DC in my phone, it auto corrects it to DCA 😂

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Is it true that Bain and BCG have implemented recommended WFH for high risk NA cities such as New York?

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Looking for ideas on how other companies are celebrating and recognizing diversity holidays like LGBT pride month Juneteenth black history month women’s history month etc.Not just days off

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Those of you who have changed jobs over the pandemic and your new office is in a state different from where you live (since wfh) - which state’s taxes do you pay? Where you live or where office is?

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Need advice, currently a SC with Promo next year at D. Potential opportunity for a Sr Analyst role at McK. Not sure about the pay but is this a step down?

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Surprised there isn’t a post about the Chase Sapphire Reserve benefits changes yet

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Serious: delta consulting fast track challenge. How do I make sure my flight qualifies in concur? Is my corporate designator automatically applied? Sorry never travelled before...

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I am looking for remote TA roles from US. CTA based in North America. Please let me know of suitable opportunities if you know of any. Thank you!

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I'm applying to EY Advisory Financial Services New York. Can anyone please refer an HR Recruiter or appropriate contact for this position? Thanks in advance!!!

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Boy do I love working on my boss’ idea that I know the client isn’t going to go for. What a great use of my time this lovely evening!

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