Help Center
Financial Accounts
Account Writing Advisors
You can add multiple writing advisors per account. Writing financial advisors are the advisors who helped close the business and will earn a commission on this account. You can split the commission between advisors using Commission Split field. The commission split can be any percentage as long as the total for all the advisors assigned to the account is 100%.
Important: for total commission calculation for an advisor, the split will apply not only to the commission, but also to the account. For example, if the account issued value is $1 Million and an advisor has a 50% commission split. The value of the account for this advisor is $500K.
Formula for Calculating Commission
The formula for calculating commission for each advisor is:
Issued Amount X Company Fees X Advisor Commission Split X Advisor Commission %
Please make sure to set the proper value for each of those fields
- Company Fees: to setup company fees for AUM accounts, please go to AUM Fees. For Insurance, go to Insurance Commission. For financial planning only, company fees is setup at 100% of the account value.
- Advisor Commission Plan: Please go to Advisor Commission Plans to setup advisors commission plans.
- If you don't have company AUM fees or insurance product commissions setup, you can use company commission override feature
- If you don't have an advisor commission plan setup, you can use advisor commission override feature
If you need further assistance, please send an email to support@leadcenter.ai
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