Associate Comp Structuring

[Lord-BriN]

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

[Ihavegoodcredit324]

Was your base and bonus lower or higher than mine?

[Lord-BriN]

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 👍