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I recently received an offer to take a financial advisor position. I told them I was currently licensed in Health & Life, and wanted to still sell Aflac. They said it shouldn't be an issue as long as it doesn't deal with securities.
I will have to get my series 7 and series 66 securities license, which they will pay for.
I will receive training pay for 4 months, 2 of which will be used to study for the exam.
Year 1: Salary - $40,000| 18% – 20% commission + bonuses
Year 2: Salary - $20,000| 22% – 25% commission + bonuses
Year 3: Salary - $0| 27% – 30% commission + bonuses
Year 4+: Salary - $0| 36% – 40% commission + Deferred Bonus
profit is contributed to a firm profit-sharing plan. The
profit-sharing benefit is based upon up to and including
$245,000 of your earnings.
A bonus is paid at the same rate
as the profit-sharing rate for that year for any earnings in
excess of $245,000. You are 100% vested in your profit-sharing account from day one.
After you establish an office and hire a Branch Office
Administrator, the firm pays the rent, utilities and
Branch Office Administrator’s salary.
In addition, the firm provides office furniture, four framed prints, a copier, two computer terminals, a laser printer and a video monitor.
The firm also covers 100% of your local telephone
service and certain other costs.
I'm just trying to do the smart thing. Everyone and their mother here as told me not to do Aflac. I am not abandoning Aflac, but I think it would be interesting to combine it with this.
I will have to get my series 7 and series 66 securities license, which they will pay for.
I will receive training pay for 4 months, 2 of which will be used to study for the exam.
salary + commissions + bonuses.
Year 1: Salary - $40,000| 18% – 20% commission + bonuses
Year 2: Salary - $20,000| 22% – 25% commission + bonuses
Year 3: Salary - $0| 27% – 30% commission + bonuses
Year 4+: Salary - $0| 36% – 40% commission + Deferred Bonus
Bonuses
- Bonuses for completing training and obtaining licenses
- Milestone bonuses paid every four months to Financial
Advisors whose performance is 75% or more of standard.
Financial Advisors whose performance is 100% or more of
standard may receive an enhanced milestone bonus.
- New asset bonuses paid monthly, based on the accumulation of new assets.
- Deferred bonuses earned and paid every four months in years four, five and six based on new assets gathered in the first three years.
- Profitability bonuses earned and paid, based on branch and firm profitability
Profit Sharing
Approximately 24% of the firm’s post-bonusprofit is contributed to a firm profit-sharing plan. The
profit-sharing benefit is based upon up to and including
$245,000 of your earnings.
A bonus is paid at the same rate
as the profit-sharing rate for that year for any earnings in
excess of $245,000. You are 100% vested in your profit-sharing account from day one.
Opening an office
After you establish an office and hire a Branch Office
Administrator, the firm pays the rent, utilities and
Branch Office Administrator’s salary.
In addition, the firm provides office furniture, four framed prints, a copier, two computer terminals, a laser printer and a video monitor.
The firm also covers 100% of your local telephone
service and certain other costs.
I'm just trying to do the smart thing. Everyone and their mother here as told me not to do Aflac. I am not abandoning Aflac, but I think it would be interesting to combine it with this.
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