Financial advisors earn their income through a combination of salary, commissions, and other incentives. Indeed wage surveys show that financial advisors earn an average of $17,800 annually through commissions and incentives. However, how a financial advisor is paid...
It’s not magic. Commission paychecks don’t just materialize in a puff of smoke. In fact, commission management is often a challenging job performed by skilled administrators. Sure, on the surface, commission management appears easy. A few calculations and you’ve got...
A commission administrator sits down to run commissions for the quarter. Where do they start? With data. It’s just a matter of tracking down all of that data they need to calculate commissions for each payee. The stats and numbers an administrator uses to determine...
When a sales organization chooses to implement a new commission solution, the onboarding process is critical. It requires auditing, identifying data sources, mapping out commission structures, and so much more. To ensure a smooth transition for both administrators and...
Stressing the end of the sales commission cycle? Maybe you’re tensing up as you think about all that time you’ll be spending staring at spreadsheets and collecting data. You’ve got piles of statements and records to convert, dozens of payees to email, and so many...
