DOUBLE Your Income by Becoming an IAR

             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 .

            Most insurance agents make money strictly selling fixed annuities, life insurance, and some with disability and/or long-term care insurance. Most securities-licensed advisors make their money mainly from Assets Under Management (AUM).

            While there is nothing wrong with either model, a better model is to make sure advisors are able to earn money from both.

            Helping insurance-only licensed agentsPeace of Mind (POM) Planning (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.

            Insurance-only licensed agents can do a good job for their clients when properly recommending fixed products to help them grow and protect their wealth, but they could do a better job for their clients if they also could offer a “conservative” money-management platform (one that dovetails with the conservative nature of using FIAs and EIULs as wealth-building/retirement tools). Click here to learn about our “conservative” money-management.

            POM Planning has a history of successPOM Planning through its unique training program (click here to learn more) has a history of helping insurance-only licensed agents add “conservative” money-management services to their practice.

            The goal for every new IAR that comes on board with POM Planning is to at a minimum help them pick up $4 million under management every year while at the same time building their sales of fixed annuities and life insurance (the two really go hand in hand).

            With the unique/conservative money-management platform POM Planning offers, the average ANNUAL compensation an advisor can make is 1% of the assets under management.

            If an insurance-only advisor comes on board as an IAR and gathers $4 million under management (the average for a good advisor) for the next ten years, look at the income for the advisor (remember the assets under management should increase every year which increases compensation, and the 6% used in the following example is well below the average return from the conservative money-management platform). 

  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 difficult for insurance-only agents to keep their income at the same place 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 and significantly increase their earning capacity.

            Sign up NOW to learn more—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.