Subjects>Business>Finance

How much money do Investment Executives get paid at Trilogy Financial Services?

Anonymous

∙ 15y ago

Updated: 9/14/2023

It's commission only (40% of the sales charge on the mutual funds or the comission of the insurance products you sell), or a very small base-salary ($1500 a while back) plus small commission (15% instead of 40%). But the small base plan only lasts for about 6 months, and then it goes to commission only plan. After you hit certain production, you get promoted, the commission goes up to 46%. Again, my numbers are from a couple of years back. Bottom line, it all depends on how well you're doing. A lot of new reps don't make it far. The ones that make it can have really good income potential. Expect to not get paid for at least 4 months though, since it not only takes time to study, pass license exams, and training, the first prospecting is always the hardest and it takes a while for the commission to hit.

Wiki User

∙ 15y ago

What else can I help you with?

Continue Learning about Finance

What are opinions on Trilogy Financial services?

Trilogy Financial Services Inc. has been around for 11 years and has shown steady growth even through a down economy. This is a company that values their representatives and clients and offers unbiased guidance in all areas of wealth management. Disclosure: I'm a recent UC grad, I got to the final round of interviews and didn't get the position. There were about 20 other qualified people who didn't have as many qualms with commission-based sales as I did. All of the information below is from the manager's presentation, none of it was in paperwork. It provides 6 weeks of training and foots the ENTIRE bill for Series 7 and Series 65 Tests, which is a good deal. They only started doing this this year, perhaps due to high turnover in the first few months of a worker's career. They pay a stipend of $700 with about 50 hours/week for the first 6 weeks. I was considering working through the training and then leaving the company. Then you can choose either 1. a base monthly salary of 1.5k + 15% of what you bring in or 2. a straight 35% of what you bring in So once you bring in 80k or more of business (the minimum without your boss hounding you), straight commission is more profitable. This means that, for every 80k you bring in, you get an income of 28,000 a year. So your income is almost entirely dependent on your ability to constantly generate your own clients and sell life insurance and whatnot. And if you're stellar at that, you can do well regardless of the company's support. I would have a hard time convincing people I know and respect to give me $2,000+ to manage their money at above-market commission rates. None of the focus seems to be on how well you manage people's money, but solely on how much money you bring in. It's a bit like a pyramid scheme but if you're very outgoing you may be able to advance within a few years. Something I thought was odd was that during the 3 hour interview/presentation I saw only one employee there and maybe 2 clients come in. Highly skeptical of this business model.

How do use trilogy in a sentence?

lord of the rings trilogy was truly amazing. It is truly out of this world.

What is the plural form of trilogy?

The plural of trilogy is trilogies.

What do you call 3 books in a series?

A trilogy.

How many movies are in trilogy?

There are three movies in a trilogy.

What does the Ring of Solomon have to do with the Bartimaeus trilogy?

it is the prequel of the trilogy

When was Viking Trilogy created?

Viking Trilogy was created in 1957.

When was The Jade Trilogy created?

The Jade Trilogy was created in 1988.

When was Amber Trilogy created?

Amber Trilogy was created in 1992.

When was Trilogy Systems created?

Trilogy Systems was created in 1980.

When was El Trilogy created?

El Trilogy was created in 1999.

What is the ISBN of Conquerors' Trilogy?

The ISBN of Conquerors' Trilogy is 0553575627.

When was The Prodigal Trilogy created?

The Prodigal Trilogy was created in 2008.