How much $ Do You lose to a Production Grid

Advisors who want to keep more money in their pockets, leave full service firms and join RIAs or go independent. Don’t like making more money then move right along, nothing to see here...

Advisors who want to keep more money in their pockets, leave full service firms and join RIAs or go independent. Don’t like making more money then move right along, nothing to see here, this article is probably not for you.

For a decade now Advisors have been aggressively leaving the traditional brokerage platforms to hang their own shingles as an independent or join other RIA firms. RIA AUM growth has been one of the bright spots in this business over the last decade.

The Production Grid Really Sucks if you’re Average

The motivation to move is not always about higher payouts, but to be blunt, being constrained by a payout grid can really suck for the average Advisor. While, the Chairman’s Council here is a huge fan of AUM acquisitions for revenue growth, the average Advisors do not aggressively pursue AUM acquisitions. Actually the average Advisor may never acquire AUM assets in their career, why? - the strategies is viewed as being difficult, risky and Assets are hard to find, we …