Some new Advisor Group reps staring at reduced pay grid
June 23, 2020 By Bruce Kelly, Investment News Any cuts to payout will be offset by tools and technology, according to the broker-dealer Some reps and advisers who formerly worked at Ladenburg Thalmann broker-dealers are looking at potentially reduced payouts as they make the shift later this year to integration into the Advisor Group network, which in February completed its $1.3 billion acquisition of Ladenburg Thalmann Financial Services Inc. For example, advisers must generate much more revenue at Securities America Inc. — $750,000 — to see a payout of 95% of each dollar in sales he or she generates, according to industry executives. Payout at Securities America falls to 92% of sales below that amount. That means advisers at Securities Service Network, known as SSN and one of the broker-dealers scheduled to be merged into...