Financial Advisor
Confessions of a Wall Street Analyst
Array (Hardcover) HarperBusiness 2006-02-07
Release date: 2006-02-07
Price:
$25.95
Answers
I am a current advisor at another Financial Firm in the San Francisco and considering of changing companies. I have been working at my current company for a little over 3 years and have done okay, during my course at the company, I was promoted as Manager about 7 months ago, though the pay was not like I had expected. What is an expect pay at Merrill for someone with my experience?
Base Pay: $36,000 - $80,000 /Year
A personal financial advisor can make between $20000 to $3000000 a year based on experience and job performance. Learn about the salary and ...
do u have to make commission to keep the job? and can financial advisors usually move up to manager positions?
50,000 , no not necessary, yes
I think I can land one of these stints but I was wondering what the starting salary would be? Does anyone know?
Really? That can't be right? I am sure they have a bas pay.
Most financial advisor jobs are 1099 - no base pay
you earn what you are worth
Do some of the bigger companies offer a guaranteed salary? I know that Ameriprise offers a "draw" - but that is not the same as a set salary. Any comparisons between firms out there on the internet?
Approximately 60% of Ameriprise Financial financial advisors are independent contractor franchisees. This means they are not employed by Ameriprise Financial, nor do they receive a salary from them.Employee financial advisors and associate financial advisors receive a salary from Ameriprise Financial Services or the independent contractor franchisee advisor. A portion of the fees customers pay on its products and services go to financial advisor in the form of commissions.
In Merrill Lynch , Financial Advisor Compensation Program is aligned with the business strategy, and it rewards Financial Advisors for implementing solutions that address their clients' best interests.Compensation for a Financial Advisor is a combination of both current cash payments and longer-term deferred vehicles. The cash payments are based on a "grid," which is determined by factors such as transaction size, product type, and the Financial Advisor's length of service (LOS). The "grid rate" is the percentage of the total commission that is paid to the Financial Advisor. Longer-term deferred vehicles include equity grants to eligible Financial Advisors, a growth award based on the year-over-year increase in a Financial Advisor's business, and a 401(k) program
someone who just graduated with a bachelors degree. a major in marketing and a minor in accounting.
The salary/remuneration for a particular job is the market value for a particular profession and designation at the city/town where the office is located. Job postings at websites like Monster, Yahoo HotJobs and Careerbuilder carry information about salaries. The Govt Dept of Labor, (www.bls.gov) Bureau of statistics has information about median salaries for different professions and details of additional compensation offered. Other online resources are salary.com and payscale. Your salary will also depend on your educational qualification and how you handle your career. More details and links to relevant websites available at http://tinyurl.com/rndxq
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