Skip navigation

Ratio of Sales Assistant to broker

or Register to post new content in the forum

10 RepliesJump to last post

 

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Jul 11, 2005 12:42 am

What should I expect from a wirehouse in terms of Sales Support.  Should I ever expect the firm to give me my own Sales assistant?  I’m tracking about 700,000 a year with 80MM in assets.

Jul 11, 2005 2:25 am

Yes.

Jul 11, 2005 3:00 am

[quote=annuity guy]Yes. [/quote]

Succinct.

Jul 11, 2005 3:08 am

It seems to be a practice at my office that many brokers doing 1mm have to share.  It just doesn't make sense that one would have to share when you hit those types of numbers. How about Merrill, SB?  Any brokers out there from the big two that want to comment?  I feel that this might be a local issue in my office only.

Jul 11, 2005 2:11 pm

SB you normally need 1mil to 1.2 or so to get own assistant.

Jul 11, 2005 10:09 pm

Allot of places I’ve seen set the bar at 1mil to get one’s own assistant although I know of many brokers under that # that pay out their own pocket to hire a licensed assistant they feel can bring value to their practice.

Jul 12, 2005 12:03 pm

[quote=johnyd]SB you normally need 1mil to 1.2 or so to get own assistant.[/quote]



ML- ave 1.2 to 1.5 mil productiontion per assistant.  Can your own
assistant add an increase to your production now?  If so, pay for
part yourself, you will get there faster.

Jul 18, 2005 4:39 pm

If you’re not wedded to the wirehouse environment and SA support is important, check on the major regionals.   For example, Raymond James is at about $700k for your own SA.

Jul 19, 2005 5:11 am

I thought RJ was independant? You have to gross 700k for an asistant? Is that in a different program?

Jul 19, 2005 9:47 am

[quote=Guest1]I thought RJ was independant? You have to gross 700k for an asistant? Is that in a different program?[/quote]

Boy isn't it great when a member of the "world best sales force" knows his competition?

RJ has numerous revenue streams of which include an  indy side and a traditional branch structure.