Next year, J.P. Morgan Advisors will adjust its compensation plan. Effective January 1st, J.P. Morgan will increase the requirements within the firm's primary payout structure for advisors who generate less than $2 million in annual revenue. 

According to AdvisorHub, the aim is to set higher expectations for advisors with lower production levels while retaining high-performing advisors, including those acquired from First Republic Bank. Advisors generating less than $2 million will need to generate additional fees and commissions, or else they will face a reduction in their compensation.

J.P. Morgan Advisors will adjust its asset growth award in the upcoming plan. As explained by CEO Phil Sieg, this change will now include products like money markets and treasuries, addressing feedback from advisors and the increased popularity of these products due to rising interest rates.

Sieg described this as a significant program for those growing their business, whether by acquiring new clients or increasing assets from existing clients. Additionally, J.P. Morgan is introducing a death benefit for producers, offering a guaranteed payout to a beneficiary.

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