Wholesaler's Business

9 replies [Last post]
snaggletooth's picture
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Joined: 2007-07-13

Just out of curiosity, does anyone know what amount of business makes you a top level producer for a wholesaler, both mutual fund and annuity?
 
They all act like you're somewhat important, but I can't tell. 
 

3rdyrp2's picture
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Joined: 2008-11-13

Ask for $2000 to go towards a marketing event. If you get don't get pushback then you probably are.

Ron 14's picture
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Joined: 2008-07-10

Anything over 750k -from the two I felt comfortable to ask. Both were mutual fund guys.

Ron 14's picture
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Joined: 2008-07-10

Not really, most just beat the business out of me

etj4588's picture
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Joined: 2008-08-18

American Funds couldn't care less how much you put with them.

Popeye $'s picture
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Joined: 2009-06-30

snaggletooth wrote:Just out of curiosity, does anyone know what amount of business makes you a top level producer for a wholesaler, both mutual fund and annuity?
 
They all act like you're somewhat important, but I can't tell. 
 It all depends on the company. Your higher profile mutual funds, like American Funds, Franklin Templeton are looking at a minimum of $1 million a year for top producers. Smaller shops will give you more support at lower levels. The territory also makes a big difference. You may have a larger fund company with a small territory, or a territory that is not selling much, which may make you look better with lower sales.As a side note to iceco1d - most all wholesalers are paid on gross sales, so they don't really care how much you have in assets at their firm if you are not currently selling.

frumhere's picture
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Joined: 2005-02-22

Oh come on...guy place 250k in annuity with you four years ago and you know he works with 3 other brokers...is he getting much face time?

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