what is the normal commission split between a broker and a new financial advisor?
Arnel T asked:
Currently working as an independent contractor with an independent investment firm splitting 50/50 commission
after the the 20% commission by the main broker/dealer.
Is a 4-year term contract normal in the securities business?
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Currently working as an independent contractor with an independent investment firm splitting 50/50 commission
after the the 20% commission by the main broker/dealer.
Is a 4-year term contract normal in the securities business?
Your response will be very much appreciated.
March 2nd, 2009 at 4:11 pm
The arrangement seems to be satisfactory but you can demand an additional 5%