Doubling Your Income
Sign up NOW to learn how you can double your income—if you are ready to learn more about becoming an IAR under POM Planning’s RIA, please click here to fill out a request for more information.
If you do not have your IAR (Investment Advisor Representative) license, you are missing out on a huge opportunity to earn more money and provide more complete services to your clients. Additionally, with the “source-of-funds” problem looming, becoming an IAR will allow advisors to eliminate the fear of being sanctioned or fined by the State Securities Commission. To learn about the “source-of-funds” problem, please Click here.
Helping insurance-only licensed agents—Peace of Mind (POM) Planning (http://www.pomplanning.net) specializes in helping insurance-only licensed agents learn proper money management so they can offer more services to clients and gather millions of dollars under management.
More comprehensive advice—while there is nothing wrong with only selling fixed products (although the SOF rule may change that), being able to provide more comprehensive advice is only possible if advisors can also discuss and offer solutions on how to properly invest in the market. Because POM Planning offers low drawdown risk strategies that dovetail well with fixed products, it’s no wonder advisors are embracing the model. To learn about the low drawdown risk platform offered by POM Planning, please click here.
POM Planning has a history of success—POM Planning is one of the fastest growing RIAs in the industry. Over 175 advisors have come on board in the last 30 months bringing in $400 million in new AUM (year ending 2014). The success rate with most marketing platforms is 10-20%. The success rate for new advisors coming on board with POM Planning is over 50% (which is crazy).
The average new advisor coming on board averages picking up $2-$4 million in new AUM every year and are DOUBLING their fixed product sales.
Advisors can make a fee of up to 1% of the assets under management every year. Let’s look at the growth of potential annual income for a newly licensed IAR that gathers $4 million in AUM each year for ten years (we will use a conservative 6% net rate of return on the AUM growth).
| Start of Year | New | 6% | Year End | Annual | |
| Year | Balance | AUM | Growth | Balance | Compensation |
| 1 | $0 | $4,000,000 | $240,000 | $4,240,000 | $42,400 |
| 2 | $4,240,000 | $4,000,000 | $494,400 | $8,734,400 | $87,344 |
| 3 | $8,734,400 | $4,000,000 | $764,064 | $13,498,464 | $134,984 |
| 4 | $13,498,464 | $4,000,000 | $1,049,908 | $18,548,372 | $185,483 |
| 5 | $18,548,372 | $4,000,000 | $1,352,902 | $23,901,274 | $239,012 |
| 6 | $23,901,274 | $4,000,000 | $1,674,076 | $29,575,351 | $295,753 |
| 7 | $29,575,351 | $4,000,000 | $2,014,521 | $35,589,872 | $355,898 |
| 8 | $35,589,872 | $4,000,000 | $2,375,392 | $41,965,264 | $419,652 |
| 9 | $41,965,264 | $4,000,000 | $2,757,916 | $48,723,180 | $487,231 |
| 10 | $48,723,180 | $4,000,000 | $3,163,391 | $55,886,571 | $558,865 |
It’s become increasingly more difficult for insurance-only agents to keep their income at the same level as previous years. By adding the ability to help clients with a “conservative” money-management platform, advisors can expand their ability to pick up new clients, significantly increase their earning capacity, and provide better/more comprehensive advice.
