What does revenue mean
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I am a new trainee and just got my licenses appointed. Haven’t got even one of my own clients yet.
In this article:
http://registeredrep.com/advisorland/career/merrill_fas_sign1114/
It mentions "On average, Merrill reports that its advisors produce $767,000 in revenue a year."
Does that mean Merrill has 767k income or it has 767k new money under management?
rep
It means, that on average, Merrill advisors must pay Merrill Lynch $767,000 a year for office space, phones, leads, licensing to clients, etc… It’s really never ending.
It is direct revenue to Merrill Lynch from the advisors. See section 102.4.5-AB in their annual report. You'll find the corresponding line item of revenue gained from advisors.Snaggle,
Get your facts straight. It is Section I sub DIO sec T. We expect better from you.
[quote=Spaceman Spiff]He needs to put the words “than me” at the end of his tagline.
[/quote] Yeah, I hope he doesn't actually say that to real people or put it as his tagline in emails. I wonder if when he "sharpens his saw", he might actually slice his clients' portfolios?Rep, a better tagline might be "Sharpening my knife so I can stab you repeatedly with my knowledge"
[quote=rep]I am a new trainee and just got my licenses appointed. Haven’t got even one of my own clients yet.
In this article:
http://registeredrep.com/advisorland/career/merrill_fas_sign1114/
It mentions "On average, Merrill reports that its advisors produce $767,000 in revenue a year."
Does that mean Merrill has 767k income or it has 767k new money under management?
rep[/quote]
What did you do with all the money?
Where is a public accessible web page to get the annual report?
Thanks and sorry for another rookie question.
Rep
You can get just about anything on eBay.Where is a public accessible web page to get the annual report? Rep
Rep, I’m going to take a chance that this is a legitimate question and answer it for you. It is gross income to the firm. That much in new assets wouldn’t even keep their lights on.
For example, $767,000 in assets in a a fee account at 1% produces annual gross revenue of $7,670. That's not what the broker makes, but what the firm makes. Then the revenue goes into a grid and figure the individual advisor will gross 35-40% before taxes and his expenses or $3,068 (40%) in a year. You better start gathering assets, it takes a lot for you to be able to eat.rep,
the answer to your question is the average rep generates 767k in revenue for ML. Of that the broker will receive approx 40-50% based on they type of business (fee vs. transactional) and pay grid the broker is in.