New FA with general payout question
Apr 20, 2009 9:37 pm
Hello to all,
I am new to the site, and a 'soon to be' FA.
I hope my question makes sense. I can provide any follow-up information. Thank you in advance for any input....greatly appreciated....
I have (most likely) selected a firm in my hometown...and I will be bringing approx. 3 million over in stocks. Can someone tell me, do Fa's get paid based on the total amount of assets brought over to the firm, by the firm? Or, is the common theme, that I would only get paid by the clients? Make sense? I guess what I'm asking is, who pays me? The client or the company? What is the norm in the industry? Now, before anyone slams me for this question, please note the person at the firm I would normally ask, is not available for a few weeks. Thank you, again, for any (positive) feedback
It depends...can you tell us what firm you are going to be joining? Is it in a training program?