Insurance Focused Firms

Insurance professionals have started to embrace asset management and financial planning services to complement their insurance business. These Firms offer a unique way to grow recurring revenue while still earning high income on the sale of insurance products that pay immediate commissions, making them an attractive entry point for ambitious new Advisors with high income goals.

  • Most Advisors will start as employees of Firms operating within an Independent Broker Dealer network or an Independent RIA with its own insurance agency. Some Firms may also offer Advisors to affiliate as independent contractors as well.

  • Advisors building their own books of business will earn commissions on insurance product sales ranging from 50 - 100% of revenue generated and similar payouts on asset management fees.

    Many Firms also offer employee roles with base salaries ranging from $60,000 - $100,000 per year in addition to commissions and asset management fees on business they generate. Salaried roles will typically have commission payouts ranging from 20 - 50% of revenue generated.

  • Advisors in an employee role will typically generate relationships that will be owned by the Firm, but Advisors may also choose to work for a Firm as an independent contractor and build their own businesses which they will own.

  • Most Insurance Focused Firms will operate under their own branding and have aggressive marketing strategies supporting the efforts of their Advisors.

    • Unlimited income potential for new Advisors with no existing book of business.

    • Firms typically provide a marketing strategy to create leads for new Advisors.

    • Potential for a base salary while Advisors build their business and develop sales abilities.

    • Asset management businesses create a recurring revenue that grows over time.

    • Highly competitive sales environment with rigid commission growth requirements

    • High failure rate with many Advisors not working past 12 months.