Major Comp Changes coming to Chase Investments 2011- to be released this week?
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I'm hearing multiple reports of a new compensation plan about to be announced at Chase Investments for Chase Bank based FAs. Word is the 'new' plan will be announced within the next couple of days.
It's supposed to be a change from a pure commissioned payout to a mix of 'base' pay, not draw, + comissions.
I hear it's a $3k base but may vary depending on production and LOS. They'll then take the comission tiers down across the board. Overall, it's reported to be a better plan for newer or smaller FAs and a bit harsh on the mid and upper producers.
Can anyone confirm and shed additional light?
Chase wants to create the McDonalds of investing. You may not get paid all that great, but you get to be plenty busy. Some folks like that kind of thing. A pair of polyester pants, a polo shirt, maybe even a cute little hat for your head. Now, you'll certainly be given an awesome business card, so you can impress your Mom, your date, or prospective client. Happy Financial Meals to all....