Operations Memo

OM 2019-13; 2020 Financial Advisor & Branch Commission Schedules

For more information, contact:

Advisor Services Team

Date Issued:

December 5, 2019

As part of our annual budgeting and planning, we review our advisor compensation package and update the compensation schedule accordingly. We want to be sure that if any changes are made, they are small incremental changes on an annual basis as needed rather than larger adjustments once every several years.

For the 2020 year, we will be changing both the Financial Advisors and Branch Compensation Schedules. We have adjusted them to reflect the normal administrative cost increase we anticipate. Keep in mind that these changes only affect the tiers and thresholds however the top payouts will remain unchanged.

We believe that this decision also ensures that our compensation schedule remains among the most competitive in the industry.

We trust that each Financial Advisor will appreciate this decision and we thank each of you in advance for your continued business and support.

We have attached the 2020 Commission Schedule for your records:

2020 Financial Advisor Compensation Schedule
2020 Branch Compensation Schedule

As always, if you have questions or comments, contact the Advisor Services Department by email at advisorservices@gpwealth.ca.