For an experienced advisor looking to move their practice, a financial incentive to protect income during this period of reestablishment is an important part of making the decision to move to a new firm. Most firms offer an upfront bonus to accommodate this transition, but beware of the details. These offers often come in the form of forgivable loans with tenure requirements and payback stipulations, locking you into a long-term commitment and/or payback constraints or quotas to attain.
Transition compensation at Edward Jones is structured differently. It’s customized to the individual advisor reflecting their past performance and their trajectory to build on this success.
Our base transition compensation offer is at least two times an advisor’s trailing 12 months of production with no handcuffs.
The transition package, which is in addition to our industry-leading standard compensation, is offered as new asset compensation, salary and commissions paid in the first two years to experienced advisors who typically:
- Exhibit a progressive track record with at least three years in a client-facing practice.
- Manage at least $30 million in Assets Under Care.
- Produce at least $250,000 annually in gross production.
The best part is what you earn is yours to keep. There are no forgivable loans, tenure requirements or production quotas tied to this compensation.
It’s that simple and straightforward – join Edward Jones, get rewarded for your experience with transition compensation that doesn’t bind you with extenuating requirements.
To learn more, visit our compensation program for experienced advisors. While there, be sure to check out our compensation calculator, which provides an estimate for your compensation based on your individual input.