I've been with a captive company for the last 5+ years. Learning and training has been great. So many advantages working for captive but there are things I do not like: Limited choices on products, Micromanaged, and Splitting commissions with the house. I've lived with all of this. I've recently met a person who is independent and has a growing firm. He is willing to give me a sweet deal if I came to work with him. Here is his deal: Over 100% commission %, Chance to form a team, Many choices on products, No housing expense, Bonuses, and Flexibility.
To compare: Captive give you better Renewal rate (Average 12%).
Independent Renewal rate (Average 2-3%)
Captive Commission rate (80% to 55%)
Independent Commission rate (110%)
Captive benefits: Subsidized at 50%. Paying $400/mnth
Independent benefits: None
Captive Expenses: E&O, Rent,
Independent Expenses: E & O and Rent free
Can you tell me which is better. This independent financial adviser is NOT a marketing company. Which one would you select?
To compare: Captive give you better Renewal rate (Average 12%).
Independent Renewal rate (Average 2-3%)
Captive Commission rate (80% to 55%)
Independent Commission rate (110%)
Captive benefits: Subsidized at 50%. Paying $400/mnth
Independent benefits: None
Captive Expenses: E&O, Rent,
Independent Expenses: E & O and Rent free
Can you tell me which is better. This independent financial adviser is NOT a marketing company. Which one would you select?