The following commission pay-out schedule rewards representatives for increasing production. All commissions from all insurance, mutual fund and general securities activities are included in reaching the commission pay-out brackets. New commission accumulation begins January 1 each year.
Commission Pay Out Schedule
|
Pay-out
Level (1)
|
Commission
in Dollars
|
Insurance and Mutual Funds |
General
Securities
|
|
A
|
0
- 25,000
|
70% |
50%
|
|
B
|
25,001
- 50,000
|
75%
|
65%
|
|
C
|
50,001
- 75,000
|
85%
|
70%
|
|
D
|
75,001
- 100,000
|
85%
|
80%
|
|
E
|
100,001
and Above
|
87%
|
83%
|
(1) An Office of Supervisory Jurisdiction (OSJ) is paid 3% to 5% for supervision and regulatory activities regarding assigned representatives. An OSJ may also earn 2% on incremental commission amounts in excess of $250,000 for the combined representatives assigned to that OSJ. OSJ designations are assigned by Equitas based on experience.
All commission payouts are calculated after clearing costs. For example: Gross commission x Pay-out % = Net Commission
With your signature below, you hereby agree to the designated pay-out level
of ______
Above to apply to your production for the period ending December 31, 20___.
Representative: ___________________________________ Dated: _________________
Membership #: _____________
Equitas America, L.L.C.: ______________________________ Dated: _________________