Dominion has a competitive commission payout schedule, which we believe is the simplest and fairest commission structure of any independent firm. Our payouts start at a minimum of 50% and go as high as 90%. Where you will fall will depend on several factors: first, your volume; second, your experience and the level of support you will need; and third, your product mix. An experienced Representative, who requires a minimum amount of administrative support, with production in the range of $125,000 gross commissions with a favorable product mix can expect a 90% payout. If you are wondering what payout you will receive – give us a call and let's talk about it.
Some items of special note about the way we do business:
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We will negotiate your payout as a group if you are located in the same office. In other words, if you and an associate decide you want to make the move to Dominion, we will total your individual production and use that number in determining your payout.
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There is no convoluted matrix of different payouts for different types of products. We do not play games with your money. We want you to understand what you will be paid when you make a transaction.
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There are no hidden fees or monthly charges for joining our firm. There are services to which you can subscribe which have monthly charges but if you have no need for those services you will have no monthly charges. We do charge you an annual administration fee that covers your compliance manual, faxes, etc. In 2010, it was $100.
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With each paycheck, we provide copies of the commission statements from the companies from which we have received payment.