WM / PWM - Wirehouse Compensation Structure UK
As the title implies, given the restriction on commission based advice in the Uk is the pay-out structure for WM/PWM in the UK comparative to it's US counterpart ? Assuming a wire house i.e JPM, MS, UBS Example:
- US approach:
- Book: 100M
- Revenue = 100 *.01 = 1M (1% fee)
- Com base = 30%
- Pay-out, therefore gross = 300k
Is the comp approach the same in the UK or would it be restricted under the commissioned advice guidelines ?
Thanks,
- Zack
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