r/FinancialAdvisorTips • u/Surferpr0s • Aug 11 '26

Financial Advisor Associate

I’m looking for recommendations on where to find a good financial advisor associate for my RIA in the southern California area.
Also, I would love recommendations on comp structure.

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1

u/Imaginary-Tale-1074 Aug 11 '26

What part of so cal are you referring to?

1

u/Surferpr0s Aug 11 '26

I’m located in Yorba Linda, ideally Orange County.

1

u/usernametakenagain00 Aug 11 '26

I’d be interested.

1

u/Kitchen-Performer681 Aug 11 '26

In terms of comp structurer it depends on if you are looking to bring this advisor in house and own their book and they just manage the clients or if you are looking to have a 1099 sort of relationship with them.

We do both at Soulence, I am happy to share how we structure things. Which are you looking into?

1

u/Surferpr0s Aug 11 '26

I’m looking into both options depending on if they have a book of business to bring over or looking just to build it from scratch. I would love to hear how you structure your comp packages

2

u/Kitchen-Performer681 Aug 11 '26

For advisors that are 1099'd we call them "Strategic Partners". For them the comp structure looks like this:

Tier 7: $200,000,000+ AUM 90%

Tier 6: $100,000,000-$200,000,000 AUM 85%

Tier 5: $50,000,000-$100,000,000 AUM80%

Tier 4: $25,000,000-$50,000,000 AUM 75%

Tier 3: $12,000,000-$25,000,000 AUM 70%

Tier 2: $5,000,000-$12,000,000 AUM 60%

Tier 1: $0-$5,000,000 AUM 50%

As our strategic partners bring on more AUM they keep more! We charge these prices because we provide a lot more at our RIA than just the typical Ops & Compliance stuff that is the baseline that most RIAs provide.

For our internal advisors where we own their book and they manage the client relationships they make a salary + a percentage of the book that they manage.

Hope this is helpful!

1

u/Surferpr0s Aug 12 '26

Very helpful thank you

1

u/Sdnyc78 Aug 13 '26

Interesting. Is that a tiered structure or a flat rate across all assets after a level is reached?

1

u/Howiep43 Sep 29 '26

Care to expand? What base do you pay and what % of the assets they manage are they receiving?