Is the compensation/grid different for advisors in PBIG? If so, what is the difference?
I understand the difference in clients, so there is no need to explain that. Thanks!
Unless it has changed recently the grid was not different. However, those FAs weren't paid on households under $1MM.
PBIG is a title given to advisors who go through a series of tests and presentations, and have at least 80% of their clientele with 10 mill each. They are alos subject to having an approved investment philosophy. Retail is retail. We are just squirrels trying to get a nut.