Posts Tagged "payout grid"

The Financial Advisor Retirement Plan

Posted by Preet on Sep 8, 2009 | 3 comments

It is possible for an advisor to generate a $1 million bonus to themselves for relatively little work, and it probably happens more than it should. A not too uncommon retirement plan for some financial advisors (I don’t want to lump all financial advisors together, but clearly there are those out there that are less than scrupulous), is to switch firms a few years before retiring. Why? Because they get paid a bonus to transfer their client assets and they can then sell their clients to another advisor at the new firm a few years later. Advisor Compensation I’m going to use a hypothetical example, although I do know that a situation pretty much exactly like...