Wholesaler's Business

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Jul 24, 2009 4:40 pm

Just out of curiosity, does anyone know what amount of business makes you a top level producer for a wholesaler, both mutual fund and annuity?

 
They all act like you're somewhat important, but I can't tell. 
 
Jul 24, 2009 5:07 pm

Ask for $2000 to go towards a marketing event. If you get don't get pushback then you probably are.

Jul 24, 2009 5:12 pm

Anything over 750k -from the two I felt comfortable to ask. Both were mutual fund guys.

Jul 24, 2009 5:56 pm

Not really, most just beat the business out of me

Jul 24, 2009 7:04 pm

American Funds couldn't care less how much you put with them.

Jul 24, 2009 10:58 pm
snaggletooth:

Just out of curiosity, does anyone know what amount of business makes you a top level producer for a wholesaler, both mutual fund and annuity?

 
They all act like you're somewhat important, but I can't tell. 
 



It all depends on the company. Your higher profile mutual funds, like American Funds, Franklin Templeton are looking at a minimum of $1 million a year for top producers. Smaller shops will give you more support at lower levels.

The territory also makes a big difference. You may have a larger fund company with a small territory, or a territory that is not selling much, which may make you look better with lower sales.

As a side note to iceco1d - most all wholesalers are paid on gross sales, so they don't really care how much you have in assets at their firm if you are not currently selling.

Jul 29, 2009 7:15 am

Oh come on...guy place 250k in annuity with you four years ago and you know he works with 3 other brokers...is he getting much face time?