How Much Did You Make Your First Year

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Feb 2, 2009 10:08 pm

How much did you make your first year in the business?

Feb 2, 2009 10:12 pm

eleventy kabillion dollars.

Feb 3, 2009 10:53 am

55k w/ GK1

Feb 3, 2009 10:59 am

About 60K w/GK2 ($5mm) after 8 months on own at home.

Feb 3, 2009 11:33 am

What is a GK1 or GK2?

Feb 3, 2009 1:32 pm
iceco1d:

What's the difference between a GK1 and GK2?



1 GK, give or take a GK.   

Feb 3, 2009 2:06 pm

They are just two different levels of "Goodknight" plans, where a veteran gives some assets to you.  A Goodknight Level 1 (GK1) is $5mm in assets, a GK2 is >$10mm in assets.  Then there are "Super Goodknights" which I think are like $25mm or more.  That's usually for huge offices, guys retiring, family situations, etc.

Feb 3, 2009 2:36 pm
B24:

They are just two different levels of "Goodknight" plans, where a veteran gives some assets to you.  A Goodknight Level 1 (GK1) is $5mm in assets, a GK2 is >$10mm in assets.  Then there are "Super Goodknights" which I think are like $25mm or more.  That's usually for huge offices, guys retiring, family situations, etc.

 
What does the Good Morning plan consist of?
Feb 3, 2009 5:38 pm

about 20k (year 2000)- no good knights, just late nights.  At 80 hrs/week I think I would have been better off delivering pizzas; but sure glad I didn't.

Feb 4, 2009 7:47 am
brandnewadvisor:

about 20k (year 2000)- no good knights, just late nights.  At 80 hrs/week I think I would have been better off delivering pizzas; but sure glad I didn't.




If your first year was 2000, why did you call yourself "brandnewadvisor" when you registered here, in 2007? Which one are you lying about?

Feb 4, 2009 11:26 am

Good observation Hank....I was wondering the same thing. 

Feb 4, 2009 12:16 pm

Somehow I remember him explaining that back several months ago.  It seemed to make sense at the time.  I just can't remember the explanation.

Feb 5, 2009 9:36 am

Just wanna clarify B24 you made the common mistake of getting it backwards and they should really change this:



GK1=10million


GK2=5Million


Super=20+


I would think GK2 would be higher than 1 in assets but whatev.


Feb 5, 2009 10:27 am

You're right.  I wasn't really paying attention.  Thanks.

Mar 15, 2009 12:30 am

$24,000; first year was 2002.

Mar 22, 2009 9:40 pm

$63,000  in 2008.  My can sell was October 2007.  It helps when you hit the milestone bonuses. Don't plan on the new account bonus too much.  I hit it twice so far and feel like I've done fairly well. By the way, I took over a 5m existing branch.  That helped a bit but wasn't the main source of my commissions.  It's tough out here.  Be prepared to work your butt off.  

Mar 23, 2009 4:37 pm
snaggletooth:
B24:

They are just two different levels of "Goodknight" plans, where a veteran gives some assets to you.  A Goodknight Level 1 (GK1) is $5mm in assets, a GK2 is >$10mm in assets.  Then there are "Super Goodknights" which I think are like $25mm or more.  That's usually for huge offices, guys retiring, family situations, etc.

 
What does the Good Morning plan consist of?
 
If you've ever had one you'd know. 
 
 
$55K inheriting a book between the size of a GK1 and GK2. 
Mar 23, 2009 8:50 pm

71k first full selling year... can sell was oct 07.  hit the milestone bonuses and got the new account bonus several times... took over an office with less than 5 million.... really miss that salary, even though it wasn't much it sure helped offset taxes and 401k contributions... starting from ZERO is really tough, but I guess if this job was easy everyone would do it.

Mar 31, 2009 8:30 pm

$40,000 in 1987

$75,000 in 1988

Apr 21, 2009 4:16 am

Thanks everyone.  I needed to hear it from seasoned professionals in the advisory/broker business
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