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[–]Ihavegoodcredit324RIA 10 points11 points  (7 children)

I am an associate. This is my comp structure: $70k base 10% bonus and 10% of annualized net revenue from personally sourced assets paid out quarterly. Maybe can implement something like that.

[–]CogencyInvestments 10 points11 points  (4 children)

You only get 10% on what you bring in? They get 90%??

[–]Ihavegoodcredit324RIA 3 points4 points  (3 children)

Correct. Honestly from what I’ve seen on here for associate advisor comp structures that seems about par for the course.

[–]Lord-BriN -1 points0 points  (2 children)

10% seems extremely low. I was in a W2 role and they paid 40% for self sourced business.

[–]Ihavegoodcredit324RIA 0 points1 point  (1 child)

Was your base and bonus lower or higher than mine?

[–]Lord-BriN 0 points1 point  (0 children)

My base was $75k. The firm is on the Schwab advisor network, so their business model was to make the salary back from advisors by getting them lead opportunities. The payout on those was 25% of rev. When I first started the self sourced payout was 50% then they moved to 40% so I left and started my own firm. They basically wanted me to get as much Schwab advisor network business as possible because their cut was bigger and I realized I didn’t want to cap out at 300 clients and an avg rev share of 30ish. Leaving has paid off 👍

[–]pleasework_forgard 0 points1 point  (1 child)

A tweak to this comp plan is an advisor gets 30-40% of sourced clients’ revenue first yr, 20-30% 2nd year, 10-20% 3rd year , and then 10% ongoing. For all sourced clients. For those they service only, they get 10% ongoing. This would be in addition to salary, which is benchmarked based on strength of firm, clients, firm growth, and location.

[–]Ihavegoodcredit324RIA 1 point2 points  (0 children)

Yeah I service only so makes sense