While commission-based advisers lose their recurring commissions when they leave or retire, our advisers are assured of continuing payments. While others are like tenants, our advisers are owners of their business
Vesting and Retirement Benefits
Two major concerns of commission-based advisers who are compensated by commissions and fees are:
What happens if I decide to leave the firm? And
What happens if I want to retire?
We had pioneered the idea of vesting rights and have in place immediate vesting for all advisers in the company without any conditions. This means that, even if our adviser decides to leave the company and join another firm in the same industry, he will continue to enjoy receiving continuing payments of commissions and fees for policies and investments which he had sold. Details of our company’s vesting rights are available for all successful applicants.
Promiseland also has a Retirement Scheme for advisers which allows advisers to retire from the FA industry and still receive continuing payments of commissions and fees for policies and investments which he had sold. Details of our company’s Retirement Scheme are also available for all successful applicants..