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Reply to Series 6, 7 and 63 License . . .     
Old 01-01-2017, 09:19 PM   #11
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goillini52 on Series 6, 7 and 63 License . . .
 
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Series 6, 7 and 63 License . . . Re: Series 6, 7 and 63 License . . .
Originally Posted by myinsurebiz View Post
Ha - you never know with me . . .

When she showed me her growth - man, it was crazy. The way I understand it - I earn commissions on that "growth" in addition to the initial Annuity funding.

Not certain on that ^^^ still researching . . .


Just a heads up, the E&O you've got won't cover you for Variable Annuities.
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  Reply With Quote to Series 6, 7 and 63 License . . .

Old 01-01-2017, 09:29 PM   #12
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myinsurebiz on Series 6, 7 and 63 License . . .
 
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Series 6, 7 and 63 License . . . Re: Series 6, 7 and 63 License . . . myinsurebiz is the thread starter for: Series 6, 7 and 63 License . . .

Originally Posted by Tahoe Ray View Post
Those are called trails and are a commission option that you can choose.

The less upfront comp you take, the higher your annual comp (normally topping out at 1%)

To add one thing: when the market invariably goes down, so will your trails. I know several advisors that struggled in '01/'02 and '08/'09 essentially losing >30% of their income.

It is recoverable but not fun during......
1% of the GDC or of the investment dollars? I saw in one area that an Adviser could make 30% to 40% of the GDC created . . .

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Originally Posted by goillini52 View Post
Just a heads up, the E&O you've got won't cover you for Variable Annuities.
Yea - true . . . But - that's only money right

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  Reply With Quote to Series 6, 7 and 63 License . . .
Old 01-01-2017, 09:33 PM   #13
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goillini52 on Series 6, 7 and 63 License . . .
 
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Series 6, 7 and 63 License . . . Re: Series 6, 7 and 63 License . . .
Originally Posted by myinsurebiz View Post
Ha - you never know with me . . .

When she showed me her growth - man, it was crazy.

Well, at least her husband didn't show you his "growth". That would be icky!
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  Reply With Quote to Series 6, 7 and 63 License . . .
Old 01-01-2017, 09:42 PM   #14
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myinsurebiz on Series 6, 7 and 63 License . . .
 
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Series 6, 7 and 63 License . . . Re: Series 6, 7 and 63 License . . . myinsurebiz is the thread starter for: Series 6, 7 and 63 License . . .

Originally Posted by goillini52 View Post
Well, at least her husband didn't show you his "growth". That would be icky!
Bahahahaha - you missed your calling. You'd make a great Stand Up or Improv Comic . . . You have awesome, quick comebacks. I can't wait to meet you in person Amtrak!
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  Reply With Quote to Series 6, 7 and 63 License . . .
Old 01-01-2017, 09:57 PM   #15
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Series 6, 7 and 63 License . . .
Originally Posted by myinsurebiz View Post

1% of the GDC or of the investment dollars? I saw in one area that an Adviser could make 30% to 40% of the GDC created . . .

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Yea - true . . . But - that's only money right
1% of the assets.
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  Reply With Quote to Series 6, 7 and 63 License . . .
Old 01-01-2017, 09:59 PM   #16
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goillini52 on Series 6, 7 and 63 License . . .
 
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Series 6, 7 and 63 License . . . Re: Series 6, 7 and 63 License . . .
Originally Posted by myinsurebiz View Post
Bahahahaha - you missed your calling. You'd make a great Stand Up or Improv Comic . . . You have awesome, quick comebacks. I can't wait to meet you in person Amtrak!

Hey, I'm the Unknown Comic.

You Tube

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  Reply With Quote to Series 6, 7 and 63 License . . .
Old 01-01-2017, 10:11 PM   #17
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myinsurebiz on Series 6, 7 and 63 License . . .
 
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Series 6, 7 and 63 License . . . Re: Series 6, 7 and 63 License . . . myinsurebiz is the thread starter for: Series 6, 7 and 63 License . . .

Originally Posted by Tahoe Ray View Post
1% of the assets.
How does the earned commission % of the GDC created work? Is there such a commission structure?
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Old 01-01-2017, 10:16 PM   #18
DHK
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DHK on Series 6, 7 and 63 License . . .
 
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Series 6, 7 and 63 License . . . Re: Series 6, 7 and 63 License . . .
Oh geez. I wish I saw this thread before I responded to a PM.

Oh well.
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  Reply With Quote to Series 6, 7 and 63 License . . .
Old 01-01-2017, 10:17 PM   #19
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Series 6, 7 and 63 License . . .
Originally Posted by myinsurebiz View Post

How does the earned commission % of the GDC created work? Is there such a commission structure?
I don't understand the question...short of death or surrender in the first year, you normally don't have a chargeback on an annuity.
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  Reply With Quote to Series 6, 7 and 63 License . . .
Old 01-01-2017, 10:18 PM   #20
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goillini52 on Series 6, 7 and 63 License . . .
 
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Series 6, 7 and 63 License . . . Re: Series 6, 7 and 63 License . . .
Originally Posted by DHK View Post
Oh geez. I wish I saw this thread before I responded to a PM.

Oh well.

I thought you had your PM machine turned off. Did it automatically restart at midnight?
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Reply to Series 6, 7 and 63 License . . . 

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