Nerd's Eye View

JUNE 30, 2023

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that NAPFA has announced that it will no longer exclude advisors who receive up to $2,500 in annual trailing commissions from previous product sales, if they agree to donate that money to a non-profit organization (..)

Financial Planner 221

Financial Planner Fee Only Commission Retirement Planning 221

Nerd's Eye View

JULY 18, 2022

Amid estimates that nearly 40% of all financial advisors are likely to retire in the next 10 years, the need for a new generation of advisor talent is clear.

CFP 194

CFP Recruitment Sales Certification 194

eMoney Advisor

DECEMBER 15, 2022

Here, we take a look at projected job growth for financial advisors, the predicted wave of retirements, the demographics of financial planners, and more. A Wave of Retirements Expected. Over the next decade, more than a third of advisors (37 percent) are estimated to be retiring, according to a 2022 Cerulli Associates study.

Financial Planner 74

Financial Planner CFP Certified Financial Planner Financial Advisor 74

Harness Wealth

AUGUST 31, 2023

These can include: Health Insurance Retirement Plans Paid Time Off Workers’ Compensation Insurance Training and Development Programs Before making your first hire, consult an employment attorney to understand the legal obligations and potential liabilities.

Taxes 59

Taxes Recruitment Accounting Budgeting 59

Diamond Consultants

MAY 3, 2022

Most private bankers are compensated on a salary-bonus model where only a small percentage of their take-home pay comes from commissions on revenue generated—making compensation more predictable than that of other firms (but also have a “cap”).

Banking 52

Banking Wealth Management Commission Assets 52

Inside Information

MAY 30, 2023

In some of the surveys, you will also see the ‘payout range,’ which basically says how much of the rep or rep office’s compensation (commissions and AUM fees) they get to keep, which gives you a back-door way to estimate how much of their revenues are taken by the BD. A national advisory firm presumably wouldn’t have those restrictions.

Communication 40

Communication Sales Compliance Insurance 40

Clever Girl Finance

JUNE 22, 2023

This could include bonuses, commissions, rental income, and investment gains. In other words, they don’t reflect deductions like taxes, insurance, or retirement contributions. If you aim to retire early and set aside a significant portion of your income toward retirement savings, you may need a higher income.

Budgeting 52

Budgeting Taxes Healthcare Retirement 52