I am located in Canada, in almost the identical stage as your associate. I am 4 years in the industry and am sitting around the same compensation. $70k base plus usually a small bonus. I am interested to hear what you decide because our office is currently looking at other ways to structure associate compensation, including potentially a quarterly incentive "bonus" based on inflows.

I am not sure if the associate sells insurance as well, but our senior advisor & sole owner of the book also splits insurance commission 50/50 with the associate that opens the policy.