Spliting commission

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Apr 20, 2008 9:59 pm

Just accepted a job at ING financial. they said how it works is once i am licensed with the 7 my first clients will be closed with  the help of an experienced advisor.  the commisiion would be split between me and the exp. FA.   They also said that the client would ultamatley be mine if i ever wanted to leave.   

  Is this a common practice?..  and what if the client was intersted in an annunity product.   I dont have my l&H?
Apr 21, 2008 1:48 pm

I used to work at a firm called JT Marlin that used a similar system.  As a junior broker you open 40 accounts for your senior broker, then you’re on your own. 

  -Seth D.
Apr 21, 2008 2:06 pm

haha, thanks for the correction

Apr 21, 2008 4:06 pm

thanks… if u cant comment just send me nudes of your mothers

Apr 21, 2008 4:18 pm

thanks… if u cant comment just send me nudes of your mothers

  Whoa, slow down there young neophyte.  You came on here to ask questions of us.  If you don't like our answers, don't ask your questions.   Don't be pissed if we would rather provide some light entertainment relief as opposed to answering your question.    Since you just got hired, why don't you ask your employer how it works?  Or why didn't you ask before you took the job.  If we don't work there, how are we supposed to know how it works.   Your question about the variable annuity and not having a L&H insurance license is a stupid and rhetorical question at best.  Since you don't have your L&H, you can't sell a VA...duh.  So unless you are promised to be paid after the fact, why would you let this happen.  If you don't have it in writing, well good look young naive guy.   Why don't you just go sit in a corner and figure out the job you already accepted.
Apr 21, 2008 11:10 pm

the older the berry the sweeter the juice

Apr 21, 2008 11:55 pm

thanks… if u cant comment just send me nudes of your mothers

  You seem like a bit of a jackass for posting this, but I would not wish that on my worst enemy.