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Wealth Professional | 15 Apr 2015, 08:19 AM Agree 0
A growing number of firms are rejecting the hunt-to-eat model for young advisors instead opting to provide them with guaranteed income.
  • Peter | 15 Apr 2015, 11:46 AM Agree 0
    Yes, the "Big Firms" are able to afford a guaranteed salary to attract young advisors.
    Disguise it as you like, the bottom line is new clients, sales and profitability to the firm/institution.
    Banks already pay salaries to their financial planners and they boast it is not commissions. But guess what? If these planners don't meet their annual quota of proprietary product sales, then they are out the door.
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