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Financial advisors at Merrill Lynch are typically compensated through a combination of salary and commission. They may receive a base salary along with bonuses based on the performance of their investment portfolios and the revenue generated from client transactions. Additionally, advisors may earn fees from asset management and financial planning services provided to clients. This compensation structure incentivizes advisors to grow their client base and enhance portfolio performance.
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When internal audit is mandatory?
internal audit is mandatory for all listed companies and for other companies if: 1) The paid up capital and reserves are more than Rs 50 lacks as at the commencement of the financial year , or 2) Avg annual turnover exceeds Rs 5 crore for a period of three consecutive financial yrs immediately preceeding the financial year
What is an hon treasurer?
An hon treasurer, or honorary treasurer, is a volunteer position often found in non-profit organizations, clubs, or associations. This individual is responsible for overseeing the financial management of the organization, including budgeting, financial reporting, and ensuring compliance with relevant regulations. Unlike a paid treasurer, an hon treasurer typically does not receive compensation for their work and serves to support the organization’s mission and goals. Their role is crucial for maintaining transparency and accountability in financial matters.
How much did Alyssa Milano paid for Charmed?
Alyssa Milano reportedly earned around $1 million per episode for her role in "Charmed" during its later seasons. However, the total amount she paid for the show itself isn't publicly disclosed, as actors typically do not purchase their projects. Instead, they receive salaries for their performances. The show's overall production costs and financial details are managed by the studio and producers.
Did Robert Blake pay the 30 million?
Robert Blake was ordered to pay $30 million in a civil lawsuit related to the death of his wife, Bonny Lee Bakley, but he did not pay the full amount. In 2006, a jury found him liable for her wrongful death, but Blake’s financial situation and subsequent appeals complicated the payment. Ultimately, he never paid the full judgment due to various legal and financial challenges.
How much does rocsi and terrance get paid?
They get paid $3000 a show.
Do financial advisors get paid through a broker?
Financial Advisers actually get paid by a clown! They are so lucky!
How much of a commission does a financial advisor make?
Financial advisor commission can be done two ways: per trade and/or by the amount they make you. For the latter, some advisors can charge up to 10% of your returns. There are advisors not paid by commission but rather a flat fee, though.
Does JP Morgan provide friendy financial advisors?
From personal experience, yes J.P. Morgans financial advisers are very friendly. However, they are getting paid to help you, so they would potentially lose business if they were unfriendly.
Who has used a leveraged buyout?
One of the largest leveraged buyouts on record was the acquisition of HCA Incorporated in 2006 by Kohlberg Kravis Roberts and Corporation, Bain and Corporation, and Merrill Lynch. The three companies paid around $33 billion for the acquisition.Ê
How much did evanna lynch get paid for the Harry Potter films?
Evanna Lynch got paid 4 Million for the harry potter films
What is the difference between dividend paid at the end of the financial year and interim dividend?
final dividend is paid after close of financial year.interim dividends are paid during financial year depending upon company financial health & policies.
What sort of salary does a financial analyst earn a year?
In the financial industry, sometimes your bonus matters much more than your salary. It's possible for a bonus to double what you make in a year.But as for salary, according to the United States Bureau of Labor Statistics ...Median annual earnings of financial analysts were $57,100 in 2002. The middle 50 percent earned between $43,660 and $76,620. The lowest 10 percent earned less than $34,570, and the highest 10 percent earned more than $108,060. Median annual earnings in the industries employing the largest numbers of financial analysts in 2002 were as follows:Other financial investment activities $74,860Management of companies and enterprises 60,670Securities and commodity contracts intermediation and brokerage 58,540Nondepository credit intermediation 51,700Depository credit intermediation 51,570Median annual earnings of personal financial advisors were $56,680 in 2002. The middle 50 percent earned between $36,180 and $100,540. Median annual earnings in the industries employing the largest number of personal financial advisors in 2002 were as follows:Other financial investment activities $74,260Securities and commodity contracts intermediation and brokerage 68,110Depository credit intermediation 51,030Many financial analysts receive a bonus in addition to their salary, and the bonus can add substantially to their earnings. Usually, the bonus is based on how well their predictions compare to the actual performance of a benchmark investment. Personal financial advisors who work for financial services firms are generally paid a salary plus bonus. Advisors who work for financial-planning firms or who are self-employed either charge hourly fees for their services or charge one set fee for a comprehensive plan, based on its complexity. Advisors who manage a client�s assets usually charge a percentage of those assets. A majority of advisors receive commissions for financial products they sell, in addition to charging a fee.
How is interest paid on debentures is shown in Financial statments?
interest paid for debentures is a/an
What is trail pay?
Trail pay, often referred to as trailer fees, is a form of ongoing compensation paid to financial advisors or brokers for the continued service they provide to clients after an initial investment is made. This fee is typically a small percentage of the assets under management or a flat fee and is usually associated with mutual funds or managed investment products. It incentivizes advisors to maintain ongoing relationships with clients and ensure their investments are well-managed over time.
How much money does a financial advisor earn?
Median annual earnings, including bonuses, of wage and salary financial analysts were $66,590 in May 2006. The middle 50 percent earned between $50,700 and $90,690. The lowest 10 percent earned less than $40,340, and the highest 10 percent earned more than $130,130. The bonuses that many financial analysts receive in addition to their salary can be a significant part of their total earnings. Usually, the bonus is based on how well their predictions compare to the actual performance of a benchmark investment. Median annual earnings of wage and salary personal financial advisors were $66,120 in May 2006. The middle 50 percent earned between $44,130 and $114,260. The lowest 10 percent earned less than $32,340 and the highest 10 percent earned more than $145,600. Personal financial advisors who work for financial services firms are generally paid a salary plus bonus. Advisors who work for financial investment or planning firms or who are self-employed either charge hourly fees for their services or opt to earn their money through fees on stock and insurance purchases. Advisors generally receive commissions for financial products they sell, in addition to charging a fee. Those who manage a client's assets may charge a percentage of those assets. Earnings of self-employed workers are not included in the medians given here.
What does a financial advisor earn?
Financial Advisors are almost always paid by commission. Sometimes if you are in a rookie training program at a wirehouse or broker dealer like Morgan Stanley you will get paid some 80% of your former salary for about a year. Once you get through training you get paid, again, by commission. You gather assets and earn a percentage on those assets depending on what you sell. Annuities usually pay 5%, mutual funds pay 1-5%, stock and bond trades pay 1-2.5%. Certain products also pay trails and the firm usually takes anywhere from 10-65% or more of what you produce depending on your level of independence. So if you look at a very nice trade say a client brings you a million dollars to invest. You can make anywhere from $10,000 to $50,000 for doing that trade. The firm takes a percentage of that. In my experience a financial advisor's salary varies widely depending on how good that financial advisor is, how experienced, how connected, what types of clients they are pursuing, how hard they want to work and how good they are at closing. I know financial advisors who make around $3,000 dollars a month and I know financial advisors that make $40,000 a month even in smaller bank programs like WaMu Investments or Wells Fargo Investments. Then there are the heavy hitters, guys and gals who work for Merrill Lynch or Morgan Stanley who manage billions and make millions. If you are extremely bright, very good in sales, good with people and have a ton of drive and motivation the world is your oyster in this profession, however, if you don't like sales, dealing with the uncertainty of the stock market and don't enjoy getting yelled at a hundred times a day in bad markets then a career in this industry may not be for you. I've really only seen very few people who can truly do this. Then there are many who simply muddle along year after year. Times like this shakes many out of the industry. I've been doing this for 8 years and my salary has grown from 32k per year in year one to $340,000 a year last year. The more you make the more you spend, the more you are in this business the more you invest and the more you will see your net worth rise and fall in crazy economies like the one we are in. Financial Advisors are almost always paid by commission. Sometimes if you are in a rookie training program at a wirehouse or broker dealer like Morgan Stanley you will get paid some 80% of your former salary for about a year. Once you get through training you get paid, again, by commission. You gather assets and earn a percentage on those assets depending on what you sell. Annuities usually pay 5%, mutual funds pay 1-5%, stock and bond trades pay 1-2.5%. Certain products also pay trails and the firm usually takes anywhere from 10-65% or more of what you produce depending on your level of independence. So if you look at a very nice trade say a client brings you a million dollars to invest. You can make anywhere from $10,000 to $50,000 for doing that trade. The firm takes a percentage of that. In my experience a financial advisor's salary varies widely depending on how good that financial advisor is, how experienced, how connected, what types of clients they are pursuing, how hard they want to work and how good they are at closing. I know financial advisors who make around $3,000 dollars a month and I know financial advisors that make $40,000 a month even in smaller bank programs like WaMu Investments or Wells Fargo Investments. Then there are the heavy hitters, guys and gals who work for Merrill Lynch or Morgan Stanley who manage billions and make millions. If you are extremely bright, very good in sales, good with people and have a ton of drive and motivation the world is your oyster in this profession, however, if you don't like sales, dealing with the uncertainty of the stock market and don't enjoy getting yelled at a hundred times a day in bad markets then a career in this industry may not be for you. I've really only seen very few people who can truly do this. Then there are many who simply muddle along year after year. Times like this shakes many out of the industry. I've been doing this for 8 years and my salary has grown from 32k per year in year one to $340,000 a year last year. The more you make the more you spend, the more you are in this business the more you invest and the more you will see your net worth rise and fall in crazy economies like the one we are in.
What is a Financial Adviser?
A financial adviser advises an individual on finances. For example a financial adviser may give advice on investments, insurance, mortgages and any other financial situation you might find yourself in over your lifetime.' Financial Advisor'A professional who helps individuals manage their finances by providing advice on money issues such as investments, insurance, mortgages, college savings, estate planning, taxes and retirement, depending on what the client requests. Some financial advisors are paid a flat fee for their advice, while others earn commissions from the investments they sell to their clients. Fee-only arrangements are widely regarded to be better for the client.
