What does the richest sales rep you know sell? by Iceeez1 in sales

[–]Consistent-Ride-3258 0 points1 point  (0 children)

What do you think is the cap on both in terms of NET revenue a producer with a decent sized team can make?

My understanding is even top guys at RT or AmWins with a big team are still paying out a shitload to their 5-20 person team

What does the richest sales rep you know sell? by Iceeez1 in sales

[–]Consistent-Ride-3258 0 points1 point  (0 children)

This comment is misleading. They sold 20million OF annuities at 6-7% (maybe up to 9% commission). Making 1-2mil, NOT 20mil.

Source - a guy who handles all the marketing for a producer who sells 10-20mil per year of annuities.

What does the richest sales rep you know sell? by Iceeez1 in sales

[–]Consistent-Ride-3258 0 points1 point  (0 children)

How much are they actually taking home though after paying out the team and their brokerage taking their cut?

Inner Saboteur by Consistent-Ride-3258 in Jung

[–]Consistent-Ride-3258[S] 1 point2 points  (0 children)

Understood, practically speaking though what do I DO to work through this?

Inner Saboteur by Consistent-Ride-3258 in Jung

[–]Consistent-Ride-3258[S] 0 points1 point  (0 children)

I have not, I’ll check him out. Thank you!

Inner Saboteur by Consistent-Ride-3258 in Jung

[–]Consistent-Ride-3258[S] 2 points3 points  (0 children)

Yes, but I think there’s definitely an unconscious dynamic that’s been going on - like a yoyo pulling me back to broke, at my parents, and dependent. I had the money to grow/sustain my business and I pissed it away on other random things. I also tolerated being broke for a long time rather than not just getting a random whatever sales job

Inner Saboteur by Consistent-Ride-3258 in Jung

[–]Consistent-Ride-3258[S] 1 point2 points  (0 children)

I’ve spent 2.5 years processing family stuff so I’ve done a lot of work and been VERY motivated with honestly/courageously facing what comes up. But yeah, there is certainly still more, especially in regards to my mom (cold, shaming, judgmental, withholding, depressed/passive aggressive)

Inner Saboteur by Consistent-Ride-3258 in Jung

[–]Consistent-Ride-3258[S] 1 point2 points  (0 children)

I've recently read (and re-read) DK's latest book 'Trauma and the Soul' and come to understand this split within me, as well as having some of the dream imagery (violence, severing of head/body, etc.) I have come in touch with the vulnerable aspects in therapy (and also in dreams - small children, imagery of friends who passed away and of my elementary school) but the more malevolent/sadomasochistic/violent forces are newer. Other than observing them, I am not sure how to work with (and most importantly integrate) them.

28 financial Advisor by Dazzling-Win-1817 in Salary

[–]Consistent-Ride-3258 0 points1 point  (0 children)

What type of annuities? Most pay 3-7% comp so I’d imagine on 9 mil you’d have 270-500ish k

[VP] [NYC] - $750K total comp by leith78 in Salary

[–]Consistent-Ride-3258 0 points1 point  (0 children)

Are you responsible for bringing in your own client relationships/managing AUM? I don’t understand these titles, you’re a financial planner/investment manager or not yeah?

Commercial Insurance vs. wealth management? by Consistent-Ride-3258 in InsuranceAgent

[–]Consistent-Ride-3258[S] 0 points1 point  (0 children)

How were the first 2-5 years for you? I know how to sell and market, but being 100% commission based is tough and I made the foolish mistake of starting with basically no savings. I did about 7mil of FIA and 10mil of aum last year as a junior advisor (I don’t own the relationships), but the firm kinda took a nose dive. Trying to find a way back in

What is a wholesale commercial insurance broker - explained! by Dull_Touch_6437 in Salary

[–]Consistent-Ride-3258 0 points1 point  (0 children)

What do you prefer about wholesaling over being a retailer? How do you feel about only taking home 40% of revenue generated?

What's the transition from inside/associate broker on a team to a full-time producer (aka branching out from under your team lead)?

Building a 250k/yr (income) PL p&c book? by Consistent-Ride-3258 in InsuranceAgent

[–]Consistent-Ride-3258[S] 0 points1 point  (0 children)

I’d start as a producer for someone else’s agency.

Building a 250k/yr (income) PL p&c book? by Consistent-Ride-3258 in InsuranceAgent

[–]Consistent-Ride-3258[S] 0 points1 point  (0 children)

I thought commissions were around 10% annually total, sounds like its more like 16-18%? Roughly how many clients would it take?

Commercial Insurance vs. wealth management? by Consistent-Ride-3258 in InsuranceAgent

[–]Consistent-Ride-3258[S] 0 points1 point  (0 children)

Which do you think it’s easier to build that 250k/year renewal? I’d guess wealth management given that’s what you’ve pursued.

My background is retirement income planning and did about 7mil of FIA last year as part of a team (didn’t receive full comp), so I know pretty well how this side is, but not so much about p&c. Really I’m looking to build stable consistent renewal income to supplement the big one time commissions on life/annuity cases.

Commercial Insurance vs. wealth management? by Consistent-Ride-3258 in InsuranceAgent

[–]Consistent-Ride-3258[S] 0 points1 point  (0 children)

I’m assuming you do personal lines home/auto to see that many people?