How often does your compensation plan change?
Many advisors don’t realize how often firms change their compensation plans and that is important to understand prior to making a move. Changes to compensation – including grid, deferred compensation and T&E – are oftentimes geared toward firm profitability at the expense of its advisors. In other cases it is about encouraging certain behavior that does little to support the client-advisor relationship. Whatever the reason, a lot of these changes show up in the fine print.
At Oppenheimer, we go to great lengths to deliver a stable, rewarding compensation plan that not only treats you fairly; it recognizes that you – a client’s trusted advisor – don’t need to be told how to run your business or service your clients. Our compensation plan is built on the insistence of transparency and includes one of the highest cash grids on the street, plus deferred compensation, with the ability to participate in the upside of the company’s success, and a T&E allowance to support your continued growth.