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Ghost
Greenhorns Joined: Oct/04/2018 Location: PA Status: Offline Points: 15 |
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Posted: Oct/04/2018 at 9:45pm |
I am in the industry and licensed a little under three years. I am thinking about going independent and am asking for advice so I don't do something I'll regret. I called Schwab and I don't meet their 15 million minimum for fee accounts. I have 20 million total and 10 million in fee accounts. LPL was interested and said they could help. I called that recruiter and she said I am a good candidate. What do you think?
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missionshooter
Senior Member Joined: Feb/12/2014 Status: Offline Points: 6136 |
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Where u located
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Ghost
Greenhorns Joined: Oct/04/2018 Location: PA Status: Offline Points: 15 |
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PA Why does that matter
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B24
Moderator Joined: Mar/09/2010 Status: Offline Points: 25761 |
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You'll regret LPL.
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"If Bellicheat pulls that rabbit out of his a$$ with this kid at quarterback, I'll personally kiss his ring." - Sporsfreak, 09/20/16
"Jags/Vikes Super Bowl. Write it down" - Sportsfreak 01/19/18 |
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Ghost
Greenhorns Joined: Oct/04/2018 Location: PA Status: Offline Points: 15 |
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LPL offered like 40 percent on my trail 12 months to come over. Is there another firm i should look at? I'd prefer to be pure RIA.
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Hacksaw
Platinum Member Joined: Mar/27/2010 Status: Offline Points: 31487 |
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Why do you want to move from where you are?
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advisorman
Senior Member Joined: Oct/22/2011 Location: Behind you Status: Offline Points: 4246 |
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Cambridge for your size...t-12?
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King of sarcasm and speling
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B24
Moderator Joined: Mar/09/2010 Status: Offline Points: 25761 |
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Don't fucking do it. You'll make up that 40 percent in a few years with a higher payout as RIA. Keep in mind, even if LPL tells you a 90% payout, it's not 90%. For you, it will be more like 75-80% after all the bullshit fees (program fees, ticket charges, tech fees, higher E&O, etc.). Look at TDA if you want to go RIA and get in under the asset threshold.
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"If Bellicheat pulls that rabbit out of his a$$ with this kid at quarterback, I'll personally kiss his ring." - Sporsfreak, 09/20/16
"Jags/Vikes Super Bowl. Write it down" - Sportsfreak 01/19/18 |
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Ghost
Greenhorns Joined: Oct/04/2018 Location: PA Status: Offline Points: 15 |
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Thanks. So how do I go RIA and take assets with me, and what company should I use for where I'm at.
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Guests
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Oh boy....
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luvindy
Moderator Joined: May/17/2010 Status: Offline Points: 25773 |
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I love this thread.
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8/31/12,Sportsfreak:
"If Barak wins this election, or appears to be clearly winning, we are all fucked. Market will tank big time." Dow 13,090 S&P 1406 5/23/13 UC:Dow 20k before 20% crrectn Dow 15, |
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Ghost
Greenhorns Joined: Oct/04/2018 Location: PA Status: Offline Points: 15 |
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glad you're entertained. My boyfriend said to call other people in my area to find out what they did but I don't want my company to find out. if you want i'll pay for your help. I don't know who to trust.
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luvindy
Moderator Joined: May/17/2010 Status: Offline Points: 25773 |
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Game changer.
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8/31/12,Sportsfreak:
"If Barak wins this election, or appears to be clearly winning, we are all fucked. Market will tank big time." Dow 13,090 S&P 1406 5/23/13 UC:Dow 20k before 20% crrectn Dow 15, |
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Hacksaw
Platinum Member Joined: Mar/27/2010 Status: Offline Points: 31487 |
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Ahem... |
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B24
Moderator Joined: Mar/09/2010 Status: Offline Points: 25761 |
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Troll
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"If Bellicheat pulls that rabbit out of his a$$ with this kid at quarterback, I'll personally kiss his ring." - Sporsfreak, 09/20/16
"Jags/Vikes Super Bowl. Write it down" - Sportsfreak 01/19/18 |
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Ghost
Greenhorns Joined: Oct/04/2018 Location: PA Status: Offline Points: 15 |
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I gave it a couple days and haven't heard much. Thanks anyway.
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