By way of example, let’s assume that Financial Advisors charge on average 100 basis points (bps) or 1% for advice on fee-based assets under management and the approximate payout is 40% to you, the advisor. Using this information as a starting point, address the following question:

Assuming you charge an average of 1% for advice on your fee-based assets under management, how do you plan to replace your salary structure upon graduation from the training program? What level of assets under management would that require for you upon completion of the program?