{"id":14825,"date":"2020-11-02T07:17:58","date_gmt":"2020-11-02T07:17:58","guid":{"rendered":"http:\/\/edwardjones-r2.qa.wp.findly.com\/?page_id=14825\/"},"modified":"2021-01-13T04:51:14","modified_gmt":"2021-01-13T04:51:14","slug":"compensation","status":"publish","type":"page","link":"https:\/\/edwardjones.cert.xcc.smashfly.io\/en-CA\/career-areas\/new-financial-advisor\/compensation\/","title":{"rendered":"Compensation"},"content":{"rendered":"<\/div><\/div><\/div><\/div><\/div>
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Work hard, be rewarded \u2013 your income potential has no ceiling.<\/h1>\n<\/div><\/section><\/div>
a businessman sharing an idea with colleagues at a meeting<\/div><\/div><\/div><\/div>\n\n<\/div><\/div><\/div><\/div><\/div>
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Simple enough. And absolutely true. But we know that building a business takes time. So we\u2019ve built a compensation program that supports and rewards you as you learn the skills, systems and business practices you need to succeed in our client-first business model.<\/p>\n

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\u201cInitially, I joined the firm to increase my income, I liked the idea that someone else couldn\u2019t dictate how much I made\u2026 Although I worked very hard to build my business, I had the freedom to control my schedule and my income.\u201d<\/div>\n
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Paige Barnes<\/div>\n
Financial Advisor – Saskatoon, Saskatchewan<\/div>\n<\/div>\n<\/div>\n<\/div><\/section>
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Financial advisor trainee pay<\/h2>\n

We\u2019ll pay you a salary while you study for your industry licenses and complete required training.<\/span><\/p>\n

Salary for up to four years<\/h3>\n

Once you are licensed, you are eligible to receive a supplemental salary for up to four years \u2013 giving you the support you need to build your practice as you build your skills.<\/p>\n

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  • Supplemental salary is based on a number of factors, including prior experience.<\/li>\n
  • As you progress, your supplemental salary will gradually decrease as you move toward compensation that is based more on commissions.<\/li>\n<\/ul>\n

    Commissions<\/h3>\n

    As you partner with clients to help them achieve their financial goals across the arc of their lives, you’ll earn commissions. Because you’ll run your own office, set your own goals and tailor our solutions to meet your clients\u2019 needs, you are in control of your compensation. We provide a framework for expected performance as you progress through your career, but there is no ceiling \u2013 your compensation is tied to the effort you put in and the results you achieve.<\/p>\n

    Commission payouts start at 9-10% and increase up to 27-30% during your first four years as a financial advisor, based on certain criteria and tenure as a financial advisor. We anticipate financial advisors will increase their commission payout approximately every 12-18 months. In year five, your commission payout will increase to 36-40%. Your commission payout is subject to the firm\u2019s earning conditions.<\/p>\n

    New asset compensation<\/h3>\n

    You will have the potential to receive compensation on specified new assets gathered through year five.<\/p>\n<\/div><\/section><\/p><\/div>

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