3.0
Jan 15, 2017
Anonymous employee
Former employee
Recommend
CEO approval
Business Outlook
Pros
Compensation is essentially only the commissions earned. The benefit is that there are many different types of products with varying payout schedules, and most allow the advisor to accumulate a very large income through the recurring commission trails.
Cons
When beginning your career, it is very difficult to generate a consistent stream of commissions. Without finding one or two very large deals in the first year, many people cannot afford to continue and leave the business