There are several options for receiving compensation here at QX Financial.Some new advisors choose to take advantage of a scholarship program which provides a payment of $3,000/month for up to 6 months. Any commission earned during the scholarship period is held until the new advisor is ready to "graduate", at which time the balance of commission minus the scholarship amount used up to that point is issued to the advisor. If the advisor chooses to leave QX Financial during the scholarship period and the balance of commission minus the scholarship amount used up to that point is in the negative, the negative balance will be subject to collection.Other new advisors choose to forego the scholarship program and collect commissions as earned.Please be aware that all financial advisors are considered W-2 Statutory workers. This means they are similar to Contract workers; they are independent and have the freedom to provide their clients with financial products outside of our primary product providers, but they also have access to company benefits.

All company staff and financial advisors are fully remote. Our only requirements are that our staff and financial advisors have access to a stable internet connection, are permanent residents of one of the 50 states in the United States of America or the District of Columbia, and do not need to be sponsored on a work visa.Unfortunately, the one restriction we have is that we cannot contract a resident of New York. This is because the product providers we use do not offer products in the state of New York due to legalities beyond our control.

In a word, no. Instead of obtaining and maintaining expensive Series licenses, we guide all of our advisors through a series of accreditations eligible for partial to full reimbursement that culminate in the ChFC, which allows them to become fee-based advisors.

The first 4-6 weeks are a crucial time for a new advisor. We believe that the faster a new advisor can get out and talking to potential clients, the faster they will be paid. The faster a new advisor gets paid, the more likely they will continue to be successful in the future.As such, we expect a new, unlicensed advisor to spend half of their time working on their licensure and half of their time working with their coach(es) and our support staff to complete their field training appointments and their financial strategies/business best practices training. We expect a new advisor (licensed or unlicensed) to conduct no fewer than 15 training appointments with their coach, and they are expected to gain a certain number of clients before they can become independent.During this training period and throughout the new agent's tenure with QX Financial, the new agent will have access to many additional resources and programs for free, valued at over $75,000.Failure to attend required training meetings and appointments, attempts to undermine the company and/or its members, or attitudes which deem the new advisor closed to coaching are all common reasons for dismissal before the training period is over.

New advisors are trained in several approaches for obtaining new clients; including LinkedIn, networking, personal observation, professional partnerships, referrals, surveys, small business benefit comparisons, and internet lead generation programs. Really, the ways in which new clients are obtained are only limited by one's creativity and willingness to follow through.