Division Managers: NEXT representatives with sufficient experience, production, and appropriate licenses may qualify to be a Division Manager. NEXT Financial Group will pay Division Managers up to 90 percent of their GDC on mutual funds, variable annuities, UITs, and advisory fees; the payout on stocks and bonds is up to 85 percent. Division Managers determine payouts for their registered representatives.
Your Commissions: We realize the importance of getting paid in a timely and accurate manner. At NEXT Financial, we transmit your commissions electronically, directly into your bank account, every two weeks. You'll never have to wait for your check to arrive by mail. In addition, representatives may keep track of their commissions online via WinOps-RIS - 24 hours a day, seven days a week. Commission statements are also provided via email weekly for your convenience.
Minimum Production Requirement: $50,000 Annual GDC
Fees: Expenses charged to a representative are equal to the fees charged to the firm - there are no hidden markups or inflated ticket charges and there is no monthly administrative fee.