How Much Did You Make Your First Year
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How much did you make your first year in the business?
They are just two different levels of "Goodknight" plans, where a veteran gives some assets to you. A Goodknight Level 1 (GK1) is $5mm in assets, a GK2 is >$10mm in assets. Then there are "Super Goodknights" which I think are like $25mm or more. That's usually for huge offices, guys retiring, family situations, etc.
[quote=B24]
They are just two different levels of "Goodknight" plans, where a veteran gives some assets to you. A Goodknight Level 1 (GK1) is $5mm in assets, a GK2 is >$10mm in assets. Then there are "Super Goodknights" which I think are like $25mm or more. That's usually for huge offices, guys retiring, family situations, etc.
[/quote] What does the Good Morning plan consist of?about 20k (year 2000)- no good knights, just late nights. At 80 hrs/week I think I would have been better off delivering pizzas; but sure glad I didn’t.
[quote=brandnewadvisor]about 20k (year 2000)- no good knights, just late nights. At 80 hrs/week I think I would have been better off delivering pizzas; but sure glad I didn’t.[/quote]
If your first year was 2000, why did you call yourself “brandnewadvisor” when you registered here, in 2007? Which one are you lying about?
Somehow I remember him explaining that back several months ago. It seemed to make sense at the time. I just can’t remember the explanation.
Just wanna clarify B24 you made the common mistake of getting it backwards and they should really change this:
GK1=10million
GK2=5Million
Super=20+
I would think GK2 would be higher than 1 in assets but whatev.
$63,000 in 2008. My can sell was October 2007. It helps when you hit the milestone bonuses. Don’t plan on the new account bonus too much. I hit it twice so far and feel like I’ve done fairly well. By the way, I took over a 5m existing branch. That helped a bit but wasn’t the main source of my commissions. It’s tough out here. Be prepared to work your butt off.
[quote=snaggletooth][quote=B24]
They are just two different levels of "Goodknight" plans, where a veteran gives some assets to you. A Goodknight Level 1 (GK1) is $5mm in assets, a GK2 is >$10mm in assets. Then there are "Super Goodknights" which I think are like $25mm or more. That's usually for huge offices, guys retiring, family situations, etc.
[/quote] What does the Good Morning plan consist of?[/quote] If you've ever had one you'd know. $55K inheriting a book between the size of a GK1 and GK2.71k first full selling year… can sell was oct 07. hit the milestone bonuses and got the new account bonus several times… took over an office with less than 5 million… really miss that salary, even though it wasn’t much it sure helped offset taxes and 401k contributions… starting from ZERO is really tough, but I guess if this job was easy everyone would do it.
Thanks everyone. I needed to hear it from seasoned professionals in the advisory/broker business
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