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Private Client Group or Branch Bank

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Oct 23, 2006 7:38 pm

excitr1011

Joined: 2006-10-19Offline

Hi, quick question, What's the difference between a bank fa (on platform) and a private client group fa. I heard that if you work in private client group, you earn a salary vs in a branch you get commision.

Anyone have insight into this?

Oct 23, 2006 10:15 pm

excitr1011

Joined: 2006-10-19Offline

Anyone?..

Oct 23, 2006 10:17 pm

anonymous

Joined: 2005-09-29Offline

Fa, as in Do, Re, Me, Fa, So, La, Ti, Do?

Oh wait, FA as in Flight Attendant.  I don't think anybody here will be able to help you.

Oct 24, 2006 12:12 am

excitr1011

Joined: 2006-10-19Offline

haha..Financial Advisor....

I can see that..

Oct 24, 2006 5:39 am

azdawn

Joined: 2005-04-16Offline

Platform normally refers to bank employees who are Series 6/63/insurance licensed.  They earn a salary plus a commission/bonus on their sales.

Private Client Group is where the financial advisors are; they are usually all on commission.  These financial advisors can be positioned in a bank branch, but are under the PCG instead of the bank side.