After the 17 weeks.  Before you pass the test you CANNOT solicit clients.

That means that the clock essentially begins ticking the moment you are hired, BUT you cannot solicit until after week 17.  You can also look at it this way; the clock begins ticking for the 1 year and 8 months you have left after passing the 7.  Hope that helps.

illinoisrep and wlooney:

I appreciate the info but it seems the answers contradict one another.  Since I believe the 6 month AUM goal is $2.5 million, you would only have 2 months to accomplish that if the clock starts ticking the moment you are hired.  That's $1.25 million per month for months 5 and 6.  The requirements for the rest of the months is under a million so it seems more logical that the clock would start after you get the 7.  Any comments?

Thanks in advance,

star-city

[quote=wlooney]

That means that the clock essentially begins ticking the moment you are hired, BUT you cannot solicit until after week 17.  You can also look at it this way; the clock begins ticking for the 1 year and 8 months you have left after passing the 7.  Hope that helps.

[/quote]

This is wrong.  After your 17 weeks (7 weeks after you pass the Series 7), you will recieve your "number."  Thats when the clock starts ticking.

[quote=star-city] <?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

Hi.  Could you please tell me when the clock starts ticking at ML for the 2 year $15 million AUM goal? 

[/quote]

It may differ from branch to branch.  At my branch, after you complete the 7, 66, insurance and first assessment, you get a four month mentoring program in which you are a FA trainee and you need to gather 1.5mm AUM.  After those four months and your second assessment, the clock starts ticking for the 15mm AUM.  What is really great about this newer approach is that the POAs get a four month head start.  They enter their first day of production with more than enough assets to pass their first hurdle.  (1.25mm)

Be careful about using 24-months as a target timeframe.  I believe that all of the POAs in my office (currently 33) receive only 18 months (+4 months testing and +4 months mentoring) of salary before being paid based on production.  Even with that most find their next 12-months to be VERY lean in terms of compensation.

--WM