Some Commission Questions

#2 10-19-2005, 01:58 PM

"BMS" <mcfarland[at]yahoo.com> wrote in message news:S9qdnRDylKqDs8veRVn-sw[at]comcast.com...
- quote -

> First myth, the bank advisors still get paid based on what they sell and
> they have products that another part of the bank provides.
> The fees you pay and any commissions earned remain the same, they may get
> divided up.
> The important thing for you is do you trust and have confidence with the
> person you will work with and will that person help you come up with a plan
> that serves you best.

and if I might add, "Do you trust that Doctor to cut open your belly".
If so, you will pay him what he asks for HIS service.
Cal Lester CLU

#1 10-19-2005, 01:57 PM

<sheellah[at]aol.com> wrote in message news:1129677031.017832.117320[at]g14g2000cwa.googlegroups.com...
- quote -

> I was just wondering if anything would happen to an advisors commission
> on a fixed annuity, if the person he sold it to turned it in less than
> a year later.

All of your questions are decided by the indiviuals contract with the carrier.
In most cases, there would be a charge back.

Also, if one advisor brings a client into the firm, and
- quote -

> they later ask to change advisors, the first advisor would still get a
> cut? If so, for how long?

Again, "by contract".

Anyone know how much the usual amount would
- quote -

> be?

The commisions are much less than those earned by a Car salesman,
a doctor, or possibly a ribbon clerk.
I do not know what YOU do foe a living, but I would gather than you
really prefer to be PAID something for the work that you do.

I'm leaning more towards dealing with an advisor from a bank as
- quote -

> they don't work on commissions depending on what they sell, and there
> is less conflict of interest and games played.

W R O N G In most instances, the person who offers for sale an Annuity
"IN A BANK" is a licensed Life Insurance Agent, who is paid a commission
based on the gross amount of the sale. Different contract pay different commissions.

Cal Lester CLU

10-19-2005, 11:56 AM

First myth, the bank advisors still get paid based on what they sell and
they have products that another part of the bank provides.

The fees you pay and any commissions earned remain the same, they may get
divided up.

The important thing for you is do you trust and have confidence with the
person you will work with and will that person help you come up with a plan
that serves you best.

<sheellah[at]aol.com> wrote in message
news:1129677031.017832.117320[at]g14g2000cwa.googlegroups.com...
- quote -

> I was just wondering if anything would happen to an advisors commission
> on a fixed annuity, if the person he sold it to turned it in less than
> a year later. Also, if one advisor brings a client into the firm, and
> they later ask to change advisors, the first advisor would still get a
> cut? If so, for how long? Anyone know how much the usual amount would
> be? I'm leaning more towards dealing with an advisor from a bank as
> they don't work on commissions depending on what they sell, and there
> is less conflict of interest and games played.

#-1 10-19-2005, 09:00 AM

I was just wondering if anything would happen to an advisors commission
on a fixed annuity, if the person he sold it to turned it in less than
a year later. Also, if one advisor brings a client into the firm, and
they later ask to change advisors, the first advisor would still get a
cut? If so, for how long? Anyone know how much the usual amount would
be? I'm leaning more towards dealing with an advisor from a bank as
they don't work on commissions depending on what they sell, and there
is less conflict of interest and games played.

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