How are Financial Advisor salaries determined while in training?

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approximately 60% of ameriprise financial financial advisors independent contractor franchisees. means not employed ameriprise financial, nor receive salary them.employee financial advisors , associate financial advisors receive salary ameriprise financial services or independent contractor franchisee advisor. portion of fees customers pay on products , services go financial advisor in form of commissions.

in merrill lynch , financial advisor compensation program aligned business strategy, , rewards financial advisors implementing solutions address clients' best interests.compensation financial advisor combination of both current cash payments , longer-term deferred vehicles. cash payments based on "grid," determined factors such transaction size, product type, , financial advisor's length of service (los). "grid rate" percentage of total commission paid financial advisor. longer-term deferred vehicles include equity grants eligible financial advisors, growth award based on year-over-year increase in financial advisor's business, , 401(k) program

do of bigger companies offer guaranteed salary? know ameriprise offers "draw" - not same set salary. comparisons between firms out there on internet?


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