Need help with Morgan Stanley Wealth Management FAA Program
Hi, everyone. I'm currently going through Morgan Stanley Wealth Management's FAA (Financial Advisor Associate) interview process. I had a brief interview with a hiring manager. She was explaining the pay structure and amount of assets I needed to bring in. I didn't catch everything and was wondering if someone familiar in this area can clarify. What I got from all the information I received was that I had to bring in $1 million in assets per month / $50,000 in annual revenue. I was told that first year salary is negotiable and I receive 20% commission of the 75bps the first year and 40% the second year. Salary decreases after the first year. What I would like to know is if the information is accurate or sounds close enough. What exactly am I expecting to bring in? What is reasonable? She also explained something about meeting numbers for trailing twelve months. I would appreciate it if someone can explain the pay structure and the amount of assets I have to bring in. Thanks in advance.