The firm typically matches the amount shared by the Financial Advisor up to 10 meaning the Branch Office Administrator(s) receive(s) 20 of the original Branch bonus.įor some Branch Office Administrators in high producing branches, the bonus sharing firm match can account for half or more of their overall annual compensation. In addition to hourly wage reviewsincreases, the firm offers generous profit sharing, milestone and other bonusesincentives.įurther, successful and profitable Branch teams earn trimester profitability bonuses, which most Financial Advisors share partially (10 of the overall bonus) with their Branch Office Administrator(s)for the bonus rewards the BRANCH TEAMs successefficiency. These s vary from year to year based upon economic, firm performance and local market factors. The annual review process is collaborative and offers Financial Advisors the opportunity to discuss together rate the Branch Office Administrators performance.įirm defined merit metrics are employed to assign wage increases based upon the overall performance rating achieved by the Branch Office Administrator. Successful Financial Advisors truly partner with, and reward their talented and successful Branch Office Administrators.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |