NEXT Financial Group has over 40 strategic partners like American Funds, Nationwide Life Insurance, and U.S. Advisors. Our firm receives different amounts from each of our strategic partnerships, but the average amount remains at $35,000. It is important to mention that NEXT Financial Group does not give representatives a reward, bonus, or incentive for selling shares of our strategic partners. These are options that they can present to interested parties. Our NEXT Financial Group representatives will suggest and recommend these products based on each customer’s specific needs and objectives.
The amount of revenue accrued from these partnerships is devoted to support our marketing efforts like our annual sales conference. This conference allows NEXT Financial Group to communicate new product ideas to our representatives, train them and their assistants, and keep our representatives informed of new regulatory requirements.
NEXT Financial Group also uses the revenue to pay for annual awards for the NEXT representatives who generate the most sales for the firm and to pay general marketing expenses. Feel free to contact your NEXT representative if you have any questions on revenue sharing or revenue distribution.
