ML, PBIG Vs Retail

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Dec 16, 2009 9:48 pm

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!

Dec 17, 2009 3:09 pm

Unless it has changed recently the grid was not different.  However, those FAs weren't paid on households under $1MM. 

Dec 17, 2009 7:59 pm

I still don't know what those people do.  True story.

Dec 18, 2009 6:17 pm

Only difference is PBIG offices have marble floors and nicer furniture. 

Dec 19, 2009 12:09 pm

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.