Payout

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Feb 10, 2010 7:36 pm

Hey guys,



I'm just curious. What payouts, salaries, benefit packages, Insurance...etc... do you guys get at all your other firms. I was just curious the difference between other firms/banks etc....

Feb 10, 2010 7:39 pm
Ronnie Dobbs:

Hey guys,

I'm just curious. What payouts, salaries, benefit packages, Insurance...etc... do you guys get at all your other firms. I was just curious the difference between other firms/banks etc....

 
Damn....I ....I....I.....it's always about you isn't it!!!!??????!?!???   ....sorry Windy...couldn't resist...you know someone will start in on you even asking the simplest of questions!!
Feb 10, 2010 7:44 pm

no offense, but it is almost a stupid question.  Payout percentatage is relative to how much the firm actually shows you made.  Haircuts, minimum trades, ticket charges, bond desk markups, etc vary so much between firms that comparisons are not very helpful.  45% at one place could be a lot less than 43% at another, if the firm is taking 25% of an FA's revenue off the top and never showing it on a grid.

Feb 10, 2010 7:58 pm
conage:

no offense, but it is almost a stupid question. Payout percentatage is relative to how much the firm actually shows you made. Haircuts, minimum trades, ticket charges, bond desk markups, etc vary so much between firms that comparisons are not very helpful. 45% at one place could be a lot less than 43% at another, if the firm is taking 25% of an FA's revenue off the top and never showing it on a grid.







Ok, let me re-ask the question for the retarded.





- How much do each of you bring home at other firms/bank etc..? Also, how are your benefits and do you also get a salary?



Conage - Don't make this more complicated than it really is. It's not a stupid question. Everyone knows exactly what they bring home.

Feb 10, 2010 8:01 pm

I take home 100% Net.  Annual bonus can range between 10 - 50%.

Feb 10, 2010 8:03 pm

To help us retards out why don't you post what you earn and/or recieve in benefits so we can use it as a template. Even though I seriously dought anyone will answer you.

Feb 10, 2010 8:07 pm
DeBolt:

Even though I seriously dought anyone will answer you.





That wasn't even a type o. That was a full blown, "I can't spell doubt"...

Feb 10, 2010 8:09 pm

Sew...

Feb 10, 2010 8:38 pm
Ronnie Dobbs:
conage:

no offense, but it is almost a stupid question.  Payout percentatage is relative to how much the firm actually shows you made.  Haircuts, minimum trades, ticket charges, bond desk markups, etc vary so much between firms that comparisons are not very helpful.  45% at one place could be a lot less than 43% at another, if the firm is taking 25% of an FA's revenue off the top and never showing it on a grid.




Ok, let me re-ask the question for the retarded.


- How much do each of you bring home at other firms/bank etc..? Also, how are your benefits and do you also get a salary?

Conage - Don't make this more complicated than it really is. It's not a stupid question. Everyone knows exactly what they bring home.


i  we  ta  did
Feb 11, 2010 9:26 am

I'd like to here answers to this question also. 

Feb 11, 2010 12:32 pm


Salary - 50 Rubles per week

2 sacks potato per month

1 sack flour per month if prop. closed end bond fund quota is met

1 1/2 chickens per month if financial plan quota is met

2 rump roasts per quarter if small account call center migration quota is met


Feb 11, 2010 12:50 pm

I call BS on those numbers.




50 Rubles a week my azz.



Feb 11, 2010 1:52 pm
Ronnie Dobbs:

Hey guys,

I'm just curious. What payouts, salaries, benefit packages, Insurance...etc... do you guys get at all your other firms. I was just curious the difference between other firms/banks etc....

 
Wind, if you were referring to captive firms (wirehouses, regionals, etc.), you should look at the payout chart at OnWallStreet.  it summarizes payout structure at the major firms at different production levels.  It won't answer ALL your questions, but it's a good start.
 
If you are looking to compare Jones to others, it is safe to say we are near the top for small producers (we have no minimums for payouts like some wirehouses, adn do not haircut lower producers), we are very competitive, or near the top for VERY large producers (like over 750K-$1mm) due to our bonus structure and uncapped profit sharing.
But we are less competitive in between because we are capped at 40% payout, and our bonuses are not that meaningful until about $400K+ in production. 
 
http://www.onwallstreet.com/global/payoutgrids.html
Feb 11, 2010 9:36 pm
AGEMAN:
B24:
Ronnie Dobbs:

Hey guys, I'm just curious. What payouts, salaries, benefit packages, Insurance...etc... do you guys get at all your other firms. I was just curious the difference between other firms/banks etc....



Wind, if you were referring to captive firms (wirehouses, regionals, etc.), you should look at the payout chart at OnWallStreet. it summarizes payout structure at the major firms at different production levels. It won't answer ALL your questions, but it's a good start.



If you are looking to compare Jones to others, it is safe to say we are near the top for small producers (we have no minimums for payouts like some wirehouses, adn do not haircut lower producers), we are very competitive, or near the top for VERY large producers (like over 750K-$1mm) due to our bonus structure and uncapped profit sharing.

But we are less competitive in between because we are capped at 40% payout, and our bonuses are not that meaningful until about $400K+ in production.



http://www.onwallstreet.com/global/payoutgrids.html
Jones only pays 35% on C shares





Correct.

Feb 11, 2010 10:00 pm

[quote=Ronnie Dobbs]
- How much do each of you bring home at other firms/bank etc..?
QUOTE]

 
I don't hold outside work, so I don't bring home anything from other firms/banks.  I've considered the bank gig, but don't want to mess my hair up with that stocking cap.  It is something to consider, though.
Feb 12, 2010 2:57 pm

I make 83% on 70% of the 49 %. Does that help?

Feb 12, 2010 3:25 pm

To answer your question I am basically 30% with top notch benefits. That is standard for banks / credit unions. If you are over 350k production its 35%, 500k is 42%.

Feb 13, 2010 9:43 am

$1



Thanks, F cking Obama.

Feb 13, 2010 9:45 am
Vikram Pandit:

$1



Thanks, F cking Obama.





That's about what you're worth, Vikram.



Feb 13, 2010 11:46 am
B24:

It won't answer ALL your questions, but it's a good start.

 
I think the big question is bene's ... as Ron14 points out, he gets a nice package from the bank. One of the guys I went to KYC with just left Jones for a bank, and a lot of it was benefits ... plus, of course, he didn't feel like he'd have to work as hard. Can't blame him.
 
Do other wirehouses cover insurance at all? Are banks straight commission?