Payouts may appear to be almost identical but scratch beneath the surface, and you’ll find some important differences among payouts that look the same.
For example, at one major indie firm charges were 220% higher than he would have paid at a smaller boutique group — a difference of more than $8,000 per year. Both firms offered 90% payouts. Unlike grid payouts at wirehouse and regional firms, there are three components to advisor payouts at independent broker-dealers.
My Thinkadvisor article explains what those three components are and how advisors can calculate their true net payout at independent firms.