<p>yes and no.</p>
<p>depends on what kind of broker you are talking about and which brokerage. if you are talking about a run of the mill equity broker, then yes, compensation is largely commission based in addition to the amount of assets you have under management – i.e. your “book” of business.</p>
<p>yeah someone could earn half a “buck” (i.e. 500K) but you’d have to be in that business for years, build up a book of business with high amounts of deposits, etc. in other words, its the exception rather than the rule, particularly in these markets.</p>