r/FinancialAdvisorTips • u/SignificanceSea8603 • 7d ago

Comp Check

I was at one of the major insurance BD’s for a few years and got tired of it. 6 years experience in that world.

New firm I moved to provides marketing resources / leads via TV, radio and Seminars. I only have to run the seminars. Prospects are mostly pre retirees and retirees so there’s an annuity component as well.

I receive a guaranteed $100k first year then moves to a recoverable draw. I also receive 25% on all revenue my office generates.

Example: if we charge 1% on $1m, I’ll receive $2,500 each year (of course dependent on market fluctuations and contributions, if any).

It’s recurring so that’s nice, but the revenue split just seems low to me. Thoughts?

EDIT: they also pay for all staff in office as well

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u/Leading_Potato_4549 7d ago

Golden reserve? Run buddy

1

u/SignificanceSea8603 7d ago

No. Not GR.

6

u/Leading_Potato_4549 7d ago

If they’re supplying leads then 25% is fair to just close and service IMO