Here are some details on the new ml comp plan. All details are just rumors at this point.
No pay on households under 100k even if the client is in a fee based platform. (I know this is fact)
Flat 35% grid across all product types.
Starting at LOS 5, a 1% bump on payout for every additional 5 LOS.
Grid flips at 1.8 million to 60% payout.
I love how BAC/ML lowered the grid for all producers under 1.8 million but would not tell anyone until the new contract was signed.