[quote=Ron 14]

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%.

[/quote]   This may be 30% for those in the bank less than 18 months or could be a payout after that but it would have a minimum revenue to hit.  42%?- check to confirm, this may be gone.    Many bank advisors average 20k in gross and this is often considered the minimum, but keep in mind that is average and half make more and half make less.  Also, mix of funds, wrap, annuities etc will skew the numbers.   Also, I think to many people get caught up in payout and stuff and really the question is how do you want to prospect, what is your skill set and what kind of image are you looking for?  Answer those questions and you will know where you want to work.    

WFA:

  33% of gross revenue. 100% of the first 1% on wrap accounts.   W-2 Employee w/ all benefits and 401K (Matching at 6%.)

LockEDJ:

[quote=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?[/quote] Buddy of mine is on a salary plus commission and bonus based on new assets.   Mine is a draw against production. They pay you upfront expected commissions for the year and and the end of the year write a bonus check for the rest. Average payout is 40% plus great benefits, DB pension, and nominal expenses.