Growing Together

Do you have a peer in your network of fellow wealth planners who could benefit from the independent service offerings you experience from Vicus Capital? Our Referral Program is a way for you to share with other respected advisors the opportunity to forge the same business-enhancing partnership you have with us. In appreciation, we offer referral compensation packages for you commensurate with these new relationships. If you have someone in mind, we invite you to take a moment to share a few details with us to make the introduction and get the conversation started.

Terms and Conditions

The following terms and conditions dictate the policy and procedures regarding the Vicus Capital Referral Program. The goal of the program is to provide an incentive for Vicus Capital Investment Advisor Representatives (IARs) and their employees as well as Vicus Capital employees for referring advisors and/or producer groups to join Vicus Capital, Inc. (“Vicus”).  Participants in this program agree to accept the following terms and conditions listed in this document.  It is important to read the terms and conditions carefully. 

• Employees of Vicus and Vicus investment advisor representatives and their staff are eligible to participate in the Referral Program.
• A 10% referral compensation payment will be based upon Vicus’s determination of the prospect’s eligible annual recurring revenue, which accounts for the assumed transition loss considering, but not limited to: (1) guidance from the prospect on their ability to transfer their clients’ assets to Vicus. Accounts will be considered transferred to Vicus if they are placed in Vicus Capital Managed accounts, accounts placed via Vicus’s Third Party Money Manager agreements, and recurring Financial Planning accounts and (2) the prospect‘s current broker‐ dealer or investment advisor book of business. The referrer would likely not be eligible to receive referral compensation if they would otherwise already personally benefit financially from a prospect joining Vicus.
• When a prospect is appropriately registered with Vicus, the referrer will be qualified to earn a referral compensation payment of 10 percent of the prospect’s eligible annual recurring revenue to be paid through the Vicus fee system. The payment is paid over 2 installments of 50%: The first 50% to be paid within approximately 90 days of the prospect registering with Vicus; and the remaining 50% after 18 months of registration, upon the condition that the advisor (former prospect) and referrer are still affiliated and registered with Vicus.
• This program will follow compliance with state and federal laws, as well as any necessary regulatory requirements.  If a referrer does not comply with the policies and procedures, as well as any other direction dictated by Vicus regarding this program, it will result in failure to meet the eligibility requirements to participate in the program.
• In order for a prospect’s referral to be eligible for the program, the referrer must submit a completed Referral Program submission form prior to the prospect’s affiliation with Vicus, which includes the prospect’s name and contact information, and also acknowledge by signature that they have read and agree to abide by the Referral Program Conditions.  The referrer must also facilitate an introductory meeting between themselves, the prospect, and the Vicus Business Development department.  Referrers must also be active throughout the referral process, assisting with any communication necessary between Vicus and the prospect.
• If the referrer refers a producer group, the referrer will be paid referral compensation payment only for those prospects mentioned by name on the Referral Program submission form. The form must be submitted in advance of the prospects’ registration with Vicus to receive referral compensation.
• The prospect must have an annual recurring revenue of $100,000 or greater from assets currently held at their prior registered investment advisor and/or broker dealer.
• Registration of any prospect with Vicus is contingent on our IAR compliance due diligence process.  Vicus reserves the right to reject the registration of any prospect at its sole discretion.  Among other conditions, the prospect must have an acceptable criminal, credit, and CRD record.
• The referrer and the prospect must be registered with Vicus at the time of the referral payment. The prospect must affiliate within one year of the referral submission form for the referrer to be eligible for referral compensation.  If the prospect was already in Vicus’ recruiting pipeline, as determined by Vicus, prior to the referral, the referral is not eligible for the program.
• Vicus will not share client protected data or other confidential information or agreements related to the prospect with the referrer.
• Referral compensation payment rates per referral type:
• For Advisor referral, a 10% referral compensation will be based upon Vicus’s determination of the prospect’s eligible annual recurring revenue, which accounts for any applicable assumed transition loss. Please note: For advisors coming  from another financial institution or firm with a non-solicitation agreement, or when the advisor does not own the book of business, the annual recurring revenue can be reduced by up to 50%. Each situation will be reviewed for the appropriate reduced percentage.
• The maximum referral compensation is limited to $75,000 per advisor for each advisor referral regardless of their determined annual recurring revenue amount unless otherwise noted within this document.
• For Producer Group referral, defined as a Producer Group that is moving 3 or more of its advisors: A 5% referral compensation for qualifying producer groups based on Vicus’s determination of eligible annual recurring revenue, which accounts for any applicable assumed transition losses.   If the producer group or firm has non-solicitation agreements, or when the producer group or firm does not own the book of business, the annual recurring revenue can be reduced by up to 50%.  Each situation will be reviewed for the appropriate reduced percentage.
• The maximum referral compensation is limited to $300,000.
• This referral program is subject to change at any time without notice. All decisions made by Vicus regarding the program are final.
• The referrer is required to agree to the compensation, terms, and conditions of this program via the Referral Program submission form.