This document is a policy statement that defines the way an associate will be compensated for originating client business for the firm. It provides the percentage of fees paid to the associate, along with a "cap" amount in any given year. It also addresses carry-over amounts to the next calendar year and the issue of the associate leaving the firm.
Franklin Ohio Policy Statement on Compensating Associates Originating Client Business is a comprehensive guideline that outlines the compensation structure and benefits provided to associates who bring in new clients for the firm. This policy statement is crucial in ensuring fairness, transparency, and motivation for associates while acknowledging their contribution to the firm's growth. The primary objective of the Franklin Ohio Policy Statement on Compensating Associates Originating Client Business is to incentivize associates to generate new business and expand the firm's client base. By offering a competitive compensation package, Franklin Ohio aims to reward associates for their efforts in bringing in new clients. The policy statement includes various types of compensation plans, ensuring flexibility to cater to different associate roles or levels of seniority. These plans may include: 1. Commission-Based Plan: Associates receive a percentage of the revenue generated from the clients they originate. This plan aligns rewards with performance, as associates earn more based on the business they bring in. 2. Bonus Structure: Franklin Ohio may introduce a bonus structure based on the number of clients originated or the amount of revenue generated. This approach encourages associates to exceed their targets and go above and beyond their regular responsibilities. 3. Salary Adjustment: In certain cases, associates may receive a salary adjustment or incremental raise based on their consistent ability to generate new client business. This approach ensures a steady income stream while recognizing the associate's contribution. 4. Profit-Sharing: Franklin Ohio may implement a profit-sharing model, wherein associates receive a share of the firm's profits based on the performance of the clients they originate. This model not only incentivizes associates but also fosters a sense of ownership and commitment towards the firm's overall success. Franklin Ohio's Policy Statement on Compensating Associates Originating Client Business emphasizes the importance of accountability and ethical practices in client acquisition. Associates are expected to comply with the firm's code of conduct while sourcing new business, ensuring that clients' interests are safeguarded. This policy statement also outlines the criteria for client origination eligibility. Associates must follow established guidelines and documentation procedures to substantiate their claim as the originator of new client relationships. In conclusion, Franklin Ohio's Policy Statement on Compensating Associates Originating Client Business provides a comprehensive framework to incentivize and reward associates for their efforts in generating new business. The policy encompasses multiple compensation plans tailored to different associate roles, fostering a culture of accountability, transparency, and performance-driven growth.Franklin Ohio Policy Statement on Compensating Associates Originating Client Business is a comprehensive guideline that outlines the compensation structure and benefits provided to associates who bring in new clients for the firm. This policy statement is crucial in ensuring fairness, transparency, and motivation for associates while acknowledging their contribution to the firm's growth. The primary objective of the Franklin Ohio Policy Statement on Compensating Associates Originating Client Business is to incentivize associates to generate new business and expand the firm's client base. By offering a competitive compensation package, Franklin Ohio aims to reward associates for their efforts in bringing in new clients. The policy statement includes various types of compensation plans, ensuring flexibility to cater to different associate roles or levels of seniority. These plans may include: 1. Commission-Based Plan: Associates receive a percentage of the revenue generated from the clients they originate. This plan aligns rewards with performance, as associates earn more based on the business they bring in. 2. Bonus Structure: Franklin Ohio may introduce a bonus structure based on the number of clients originated or the amount of revenue generated. This approach encourages associates to exceed their targets and go above and beyond their regular responsibilities. 3. Salary Adjustment: In certain cases, associates may receive a salary adjustment or incremental raise based on their consistent ability to generate new client business. This approach ensures a steady income stream while recognizing the associate's contribution. 4. Profit-Sharing: Franklin Ohio may implement a profit-sharing model, wherein associates receive a share of the firm's profits based on the performance of the clients they originate. This model not only incentivizes associates but also fosters a sense of ownership and commitment towards the firm's overall success. Franklin Ohio's Policy Statement on Compensating Associates Originating Client Business emphasizes the importance of accountability and ethical practices in client acquisition. Associates are expected to comply with the firm's code of conduct while sourcing new business, ensuring that clients' interests are safeguarded. This policy statement also outlines the criteria for client origination eligibility. Associates must follow established guidelines and documentation procedures to substantiate their claim as the originator of new client relationships. In conclusion, Franklin Ohio's Policy Statement on Compensating Associates Originating Client Business provides a comprehensive framework to incentivize and reward associates for their efforts in generating new business. The policy encompasses multiple compensation plans tailored to different associate roles, fostering a culture of accountability, transparency, and performance-driven growth.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
