Beyond Commissions: Build a Successful Financial Advisory Business with finexis' Gross Revenue Model

Are you an ambitious financial professional in Singapore, perhaps an established insurance agent, a seasoned banker, or considering a mid-career switch into financial advisory? If so, you're likely grappling with a crucial question: what is the most rewarding commission structure for a financial advisor in Singapore?

At Orion Wealth Partners, a team of financial consultants with finexis advisory, we have successfully guided many consultants, including former insurance agents and mid-career switchers with no prior investment background, to establish a thriving investment-focused advisory business.

In this article, we'll pull back the curtain on finexis' Gross Revenue Model.  We will reveal how this unique commission structure fundamentally differs from conventional compensation plans, demonstrating why it's the superior choice for professionals like you seeking to build an ethical, sustainable, and truly profitable advisory business.

Why Traditional FA Commissions May Be Limiting Your Potential

If you're an insurance agent or banker, you're familiar with the traditional compensation structures. For many financial advisors, especially those tied to single product providers or large institutions, the standard commission structure for a financial advisor in Singapore often operates on a "Basic Commission & Override" model.

The Reality of "Basic Commission & Override"

Typically, when a client signs up for a policy, the insurance company or product provider allocates a gross commission. This gross amount is then dissected:

• Basic Commission - A percentage of the gross premium is paid out as a "Basic Commission" to the individual financial advisor (you) who originated the sale. This is your fundamental earning.
• Overrides - Above and beyond your basic commission, additional percentages are then allocated as "overrides" to various layers of management (e.g. your agency manager, regional director) within the agency. Overrides amounts typically mirrors your Basic Commission, and is directed to others for their supervisory role.

In essence, most Basic Commission represent 50% of the gross commission, with the Override taking up the remaining 50%.

This override-heavy model creates a clear, often misaligned, incentive for agency leaders: their own income potential often becomes directly tied to the size of their team, rather than the sustained success or quality of individual advisors. The result? An industry observation of 'recruit at all costs' strategies. This can manifest as:

• Lax Candidate Filtering - Less emphasis on screening for suitability and long-term potential.
• Glamorized Lifestyles - Attracting new recruits with superficial promises of lavish lifestyles, rather than focusing on the realities of building an advisory business.
• Sales Quotas Over Practice Building - Prioritizing immediate sales figures and quotas over nurturing advisors to build a client-centric, sustainable advisory practice.
• High Agent Turnover - This is the most common observation from consumers with complaints about poor after-sales service or agents MIA.

If these experiences resonate with you, it's clear the traditional model often creates a cycle that can lead to burnout and limits your true potential. You deserve a commission structure that genuinely rewards your dedication, supports sustainable growth, and empowers you to build the independent, profitable advisory business you envision for yourself.

Financial Advisory Firms Using "Gross Revenue"

As you explore career paths in financial advisory, you might encounter other financial advisory firms in Singapore. It's important to understand that the "gross revenue" or "gross payout" model is common compensation strategy utilized by many prominent Financial Advisory firms, not just finexis Advisory.

Firms like IPPFA, PIAS, Financial Alliance, and Infinity Financial Advisory, among others, have adopted variations of this model to empower their consultants with a larger share of the gross earnings, moving away from the heavy override structures of traditional tied agencies. While the specific percentages and internal mechanics may differ, the core principle of a higher gross payout remains consistent across these progressive FA platforms.

Understanding finexis' Gross Revenue Model: What it Means for You

Having seen the limitations of traditional override structures, let's reveal the fundamental difference with finexis' Gross Revenue Model. Our model operates on an "adviser-first" philosophy, directly putting the financial consultant at the forefront of the compensation structure.

When a client signs up for a policy or investment product, our partners (the product providers like insurance companies or fund houses) allocate a "gross revenue" amount. This "gross revenue" is typically equivalent to what's often referred to as "gross commission" in the industry.

Your Share Comes First (Based on Your Banding)

The amount due to you, the finexis financial consultant, is paid out first. This percentage directly depends on your performance banding for the year. This banding, which ranges significantly, can see advisors receiving between 50% to a leading 80% of that initial gross revenue.

Instead of a fixed, often lower, Basic Commission, your individual performance directly dictates how much of the gross revenue comes straight to you - up to 80% of the initial pie!

Performance-Driven Banding

Your banding is dynamic. Financial consultants who consistently perform well can move up to a higher banding in the subsequent year, directly increasing their payout percentage. Conversely, performance drops will lead to a lower banding. This ensures a true meritocracy.

Your hard work and consistent success are immediately and transparently rewarded with a higher payout percentage, maximizing your personal income potential.

The Remaining Share (Leader & finexis)

Only after your substantial share has been paid out, the remaining amount of the gross revenue is then split between your agency leader (Orion Wealth Partners, in our case) and finexis Advisory, according to your leader's overall team banding.

Your share is prioritized. The "override" concept is reversed; your leader and finexis share what's left, not what's taken off the top from your initial portion. This fundamentally changes the incentive structure to support your success.

How This Structure Drives Long-Term Success (Beyond Quick Gains)

The "adviser-first" and performance-driven nature of the finexis Gross Revenue Model profoundly changes the incentives for agency leaders.

Unlike traditional models where leaders profit primarily from overrides on sheer recruitment volume, their success is now intrinsically tied to the sustained, high-quality production and longevity of their individual advisors.

This paradigm shift means:

• Focus on Advisor Development: Leaders are genuinely incentivized to support your development, provide quality mentorship, and help you build a sustainable advisory practice. Our success now depends on your long-term success and consistent performance, not just bringing bodies into the system for quick overrides.
• Quality Over Quantity: The emphasis shifts from "recruit at all costs" to attracting, developing, and retaining high-quality advisors who can consistently perform and grow. This fosters a culture of building a robust, performing team rather than a large, revolving door.
• Promoting Ethical Practice: A culture of mutual benefit and long-term partnership is fostered. Ethical conduct and client-centricity become paramount because that's what drives everyone's sustained success and retention, ensuring profitability that lasts.

In comparison, the finexis Gross Revenue Model creates a virtuous cycle: your performance earns you more, and your leaders are deeply invested in making sure you build a thriving advisory business that is ethical, sustainable, and profitable.

Beyond the Model: Orion Wealth Partners' Competitive Advantage

The finexis' Gross Revenue Model provides an exceptional foundation for your income and business ownership. We build our capabilities and hone our team culture to further this advantage for our financial consultants.

It's not just about a better payout, it's about the specialized environment, unparalleled support, and strategic partnerships that empowers you to build a truly differentiated and successful practice.

Investment-Focused Advisory Practice

At our core, Orion Wealth Partners is dedicated to building an investment-focused advisory business. This specialization isn't just a tagline; it's our strategic differentiator and how we operate:

• Deep Investment Expertise: We equip our consultants, even those without prior investment backgrounds (like ex-insurance agents), with the robust knowledge and tools to confidently advise clients on complex investment and wealth management strategies.
• Client-Centric Advisory: Our focus is on long-term client wealth creation through holistic financial planning and purposeful investment solutions, moving beyond transactional product sales. This aligns your incentives with client success.
• Meaningful Mentorship: You'll benefit from hands-on, in-depth mentorship with senior advisors specifically geared towards developing your investment acumen and building a sustainable advisory practice. This isn't just about sales training; it's about becoming a true wealth advisor.

Leveraging finexis Advisory's Industry Leadership

As a proud agency within finexis Advisory, you also benefit from the credibility and infrastructure of Singapore's largest independent financial advisory firm. finexis has consistently been recognized for its excellence:

• Award-Winning Platform: finexis is a recipient of numerous industry accolades, including the latest SBR "Top Wealth Management Firm" award and International Finance "Most Innovative Homegrown Financial Advisory Firm", a testament to its trusted platform and commitment to excellence.
• Unrivalled Scale & Resources: Being part of finexis provides access to a vast network of product providers, unparalleled industry insights, and a strong regulatory compliance framework, all essential for your long-term success.

Ready to Build Your Investment-Focused Advisory Business?

You now know how finexis' Gross Revenue Model, amplified by Orion Wealth Partners' investment-focused mentorship and comprehensive support, offers a fundamentally superior path. This isn't just about earning commissions; it's about building a truly autonomous, exponentially growing, and lasting financial advisory business.

There is no perfect structure, but there can be a better structure for your advisory business.

If you're an ambitious professional ready to seize an investment-focused advisory business opportunity in Singapore and unlock your true potential, don't just passively consider it. Take your next step to a better, bolder future.

Reach out to us for a confidential, non-obligatory exploration, and find out how you can transcend traditional limitations and build a thriving, ethical, sustainable and profitable advisory practice with Orion Wealth Partners.