How much did u earn your first year?
By this I mean after going through the grid. And how much in aum did u have to bring in to do so? Just trying to give myself milestones and realistick markers to go by.
There is a duplicate thread that has quite a bit of info on this exact subject. Might want to search it out. I don’t think that’s the kind of private info most would post twice.
I found that thread and only a few posted numbers there. From the looks of it ur doing quite well gaddock I don’t see what the big deal is in sharing it if its true.
Nor do I … But that is a pretty personal thing never the less. I’ll see if I can find some averages for you Monday. I’ve been VERY VERY LUCKY!!! probably shouldn’t use my figures as a benchmark. NOT THAT YOU CAN’T reproduce them but you would need the luck part to kick in. July is the last month of year 2. I’ve already surpassed my goals so it’s all gravy at this point.Have you already been hired?
$80k roughly $40k was salary, AUM $7mm after 12 months. $10mm after 15 months.$4.5mm of $10mm is fee based.
Yes I have been hired by team green and start the study program tomorrow actually. I realize I may not have as much success as the top tier performers on here but I figure it will help me keep my eyes on the goals. After all my goal is to put my wife into early retirement in 3 to 4 years. Those of you who do post great 1st year numbers what did u find out the hard way during so and what worked most for you beyond luck. Thanks in advance.
After all my goal is to put my wife into early retirement in 3 to 4 years.
If that is really a goal of yours, you are making a mistake. This is not a path to short term wealth. The odds of starting new new and making much money at all in the first few years are low; the odds of having your wife retire early are even worse.
If you don’t have a high cost of living you can of course hope to attain that goal. If you do, it probably won’t work.
Keep your wife home but make sure she works out and stays hot.
[quote=Baba Booey]$80k roughly $40k was salary, AUM $7mm after 12 months. $10mm after 15 months.$4.5mm of $10mm is fee based.[/quote]
I would say that MOST new FAs do not come remotely close to making roughly $80k their first year.
I started at an insurance company and made $32k my first year (began in September 2002), 43k, my second year, and was on track to make about $85k my third year. I was recruited by SB in 2005, took my 7 and 66, and did $91k, 102k, then 80k in the three years I was there, before going indy in December 08.
Windy is the only one with a little gold dot on the comission screen. You have to do 100k a month just to zoom out far enough to see him.
I made $80,000. $18,000 of that was in my sixth month. Payout was based on a monthly grid and probably ranged from 42-47%.