I overheard a EDJ guys mention that he currently works with about 100 - 120 million in assets. What does that mean in yearly salary? any ideas?
Most likely 500-800K gross, which would equate to about 250-400K net (with bonuses). Can’t really pinpoint an exact number, as it depends how aggresive he is (building or in the wind-down phase)., how much (if any) is recurring revenue, and how much (if any) he does in insurance.
you realize the effort it took you to type, find, copy, paste that link… you could have just provided an answer.
Unlikely. It probably took him four or five less seconds than it took B24 to answer your questions. Although it would have been quicker to simply type: ROOGLE
[quote=kodakjlowe11]you realize the effort it took you to type, find, copy, paste that link… you could have just provided an answer. [/quote]
Why are you asking questions that you could easily find the answer to? And why are you worried about it? Obviously you don’t have ANY AUM or you’d be able to do the math yourself.
Have you figured out the average assets per household you’re prospecting? What about the GDC for each new household and finally your net? Have you figured out how you’re going to reach them? How many you will get in front of and what your conversion numbers will be once you actually get there? How many dials/doors knocked/ referrals will you need to reach enough people to get the bills paid and get to $1,5,10…mil AUM. Do you know what products your target market will be purchasing? Will you cross-sell insurance, CD’s, mortgages to increase your revenue per household or will you specialize in asset-gathering?
Figure out the answers to the above, and we can figure out what a certain level of AUM will mean to you.