Happy to be here quick question
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Category: Introductions
Forum Name: Greenhorn Introductions
Forum Description: MAKE YOUR FIRST POST HERE!
URL: http://www.advisorheads.com/forum_posts.asp?TID=19493
Printed Date: Mar/26/2026 at 8:44pm
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Topic: Happy to be here quick question
Posted By: alcadvisor
Subject: Happy to be here quick question
Date Posted: May/24/2022 at 1:24pm
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Hey everyone, Love the forum been reading it the last year or so. Have not been active in posting but looking for some advice. Ive been working with a firm right out of college for the last 3 years. Built up a client base of about 80, lots of financial planning, insurance, annuities and AUM. Love the firm but comp is definitely not where it should be. Its a scale but if you do about 300k in revenue you got 60% then it gets cut down to 90% of that with 10% going to VP of the branch. Does that seem fair? and the other issue I am seeing is that I may not be able to move with my clients, not allowed to break any contracts with current firm apparently. I did plan on going independent but may be better to go now then later if I cannot retain any of my clients. Any thoughts on this would be extremely appreciated. Thanks!
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Replies:
Posted By: missionshooter
Date Posted: May/24/2022 at 1:27pm
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Don't be a punkass bitch and make the jump now. Do you want to work for yourself at some point or keep making the VP asshole rich? Fuck that noise, I'm a boss bitch.
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Posted By: richchick
Date Posted: May/24/2022 at 1:33pm
| Don’t hold back mission tell him how you really feel. |
Posted By: BullishT
Date Posted: May/24/2022 at 1:35pm
| What kind of firm is this? Doesn't sound like any wire house or indy B/D model I have ever heard of. |
Posted By: Chips
Date Posted: May/24/2022 at 1:59pm
| What kind of support do you get for that 10%? Are they feeding you leads? Paying rent? Staff? Software? |
Posted By: Wet_Blanket
Date Posted: May/24/2022 at 2:01pm
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So they get 54% payout? ------------- The true 🤡 was the Biden voter all along. |
Posted By: Iamlegend
Date Posted: May/24/2022 at 5:25pm
| Sounds like an insurance BD? |
Posted By: DucatiSportGT
Date Posted: May/24/2022 at 5:50pm
Has to be. Also, I'll go there... You're 3 years out of school and get a 54% payout? That's really not bad at all. ------------- Bring back Helado! |
Iamlegend wrote:Posted By: freebird
Date Posted: May/24/2022 at 8:31pm
100 bucks they sourced the clients too
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Posted By: RIArules
Date Posted: May/24/2022 at 9:34pm
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$100 bucks this is a compliance troll. ------------- “We are all Antifa” - Hacksaw 9/12/2025 |
Posted By: Guests
Date Posted: May/25/2022 at 2:53am
| Northwestern Mutual. |
Posted By: advisorman
Date Posted: Jul/13/2022 at 10:08am
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Take over a 150mm Jones office and then leave a few years later with 100mm ------------- King of sarcasm and speling |
Posted By: alcadvisor
Date Posted: Jul/13/2022 at 10:13am
| Firm is florida financial advisors basically a spin off of Ameriprise in terms of how it works. |
Posted By: alcadvisor
Date Posted: Jul/13/2022 at 10:16am
| they pay for everything for the most part. most my clients come from cold calls, they pay for a zoom info account. but even then i get most clients now from referrals. |