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Grimes
Greenhorns Joined: Aug/13/2020 Status: Offline Points: 22 |
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Posted: Aug/13/2020 at 5:32am |
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Edited by Grimes - Aug/17/2020 at 2:55pm |
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PEACH_cm
Senior Member Joined: Jan/16/2013 Status: Offline Points: 7184 |
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Transition your book to fee based and go RIA
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Chico
Member Joined: Nov/10/2017 Status: Offline Points: 336 |
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Transition your book to fee based and go RIA
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mindtech
Member Joined: Feb/18/2012 Location: Canada Status: Offline Points: 433 |
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Transition your book to fee based and go RIA
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Hacksaw
Platinum Member Joined: Mar/27/2010 Status: Offline Points: 31487 |
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Why not talk to some former Jones guys that are Indy in your area about either working under their compliance, or just the pluses and minuses of going Indy and the B/D they chose?
Any firm is going to have hurdles/goals for you get get any sort of transition money, unless you are a large producer
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Wet_Blanket
Admin Group Team America (not iMo) Joined: Mar/10/2010 Location: New England Status: Online Points: 43649 |
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Transition your book to fee based and pay me to set up your RIA
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The true 🤡 was the Biden voter all along.
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Grimes
Greenhorns Joined: Aug/13/2020 Status: Offline Points: 22 |
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Edited by Grimes - Aug/17/2020 at 3:01pm |
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Wet_Blanket
Admin Group Team America (not iMo) Joined: Mar/10/2010 Location: New England Status: Online Points: 43649 |
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If you are under LPL's corporate RIA, then it isn't really your RIA. Alternatively, you can put your brokerage at PKS and own your own RIA for advisory. PKS will leave the RIA alone and not charge a haircut on your advisory business.
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The true 🤡 was the Biden voter all along.
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Grimes
Greenhorns Joined: Aug/13/2020 Status: Offline Points: 22 |
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Edited by Grimes - Aug/17/2020 at 3:01pm |
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PEACH_cm
Senior Member Joined: Jan/16/2013 Status: Offline Points: 7184 |
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There is ZERO reason to affiliate with a BD if you can get your book to fee based.
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memphis
Senior Member Joined: Apr/20/2020 Status: Offline Points: 718 |
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If you start your own RIA there's nothing to "take back". It's yours. You own it.
If you want to keep doing commissionable securities, I think Wet is giving you good advice.
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Grimes
Greenhorns Joined: Aug/13/2020 Status: Offline Points: 22 |
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Edited by Grimes - Aug/17/2020 at 3:01pm |
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missionshooter
Senior Member Joined: Feb/12/2014 Status: Offline Points: 6136 |
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Transition your book to fee based and go RIA.
The whore money from LPL or Cetera isn't worth it. |
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memphis
Senior Member Joined: Apr/20/2020 Status: Offline Points: 718 |
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Advantages to corporate: They do compliance. You get stuff - software, systems, etc. They have models you can run. You get a bonus upfront. Disadvantages of corporate: They do compliance. You have to use their stuff - software, systems, etc. They want to get paid (program fee, goes through grid, whatever). How much control do you want to have? How many decisions do you want to make? Do you like the idea of being able to call somebody for support, or do you think support people are annoying? I think most people here will tell you that transitioning to independence only gets harder, not easier.
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Grimes
Greenhorns Joined: Aug/13/2020 Status: Offline Points: 22 |
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Edited by Grimes - Aug/17/2020 at 3:02pm |
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Mike Damone
Senior Member Joined: Mar/15/2010 Status: Online Points: 6342 |
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Maybe I missed it but how much of your business is commission based?
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Grimes
Greenhorns Joined: Aug/13/2020 Status: Offline Points: 22 |
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Edited by Grimes - Aug/17/2020 at 2:55pm |
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Guests
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You moved 30% today? It was half earlier today
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Grimes
Greenhorns Joined: Aug/13/2020 Status: Offline Points: 22 |
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Edited by Grimes - Aug/17/2020 at 2:56pm |
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advisorman
Senior Member Joined: Oct/22/2011 Location: Behind you Status: Offline Points: 4246 |
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If you have any JNL VA they will let you move elite access to fee based within CDSC...
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King of sarcasm and speling
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