Earnings Metrics of being Financial Adviser: AUM, # accounts, % Flat fee, prospecting, marketing

Comments (1)

NYC i-Banker in New York, New York

34 months ago

So what are the metrics of being a FA that makes over $100K?

I understand that the business is no longer cold-calling and pushing stocks...but, how does one actually build a book?

Are their metrics that one can track...ie,

-you need min. 100 accounts of $250K/ea. to pay a flat fee #%/per annum
-Need to sell # of mutual funds or securities to each account per annum to generate $# commissions.
-Is it a rule of thumb or totally random

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