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Apr 23, 2009 2:42 am

A friend of mine was a sales asst at an indy shop(NEXT) and finally figured out he was getting screwed so opened his old office in february, but won't make the minimum production level ($25K by next month-(his year end, as an asst he was covered by the advisor's production), does anyone know of a indy b/d that has low minimums? Or is anyone aware of indy b/ds waiving minimums this year?

Apr 27, 2009 2:37 pm

Wow, that is really low.  I believe that your friend would not even make minimum wage after expenses.  At 25K, they would clear 10K which is $5.00 an hour. At Raymond James the production needed is at 250k for a branch office, and 100K minimum to join a branch office.  At  100K, my broker would make 40K which is ok.   Your friend needs to wake up and smell the coffee, or start serving it.

Apr 27, 2009 10:05 pm

Boy secretarys tend to not be able to perform like the big boys. Tell him to go to cosmetology school, instead.