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Captive going Indy

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luvindy View Drop Down
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    Posted: Aug/11/2022 at 11:30pm
Originally posted by spudpotato spudpotato wrote:

How do you know he’s EJ?

Originally posted by luvindy luvindy wrote:

First, good luck on your move away from Edward Jones. 

The super OSJ's are fine as a way to get to indy world, but treat it as a stop rather than a career path. Unless you like having to deal with an extra layer of bullshit for a few percentage points of payout, but that shouldn't be your motivator if you're going to do this right.

Sometimes you just know.


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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Post Options Post Options   Thanks (0) Thanks(0)   Quote missionshooter Quote  Post ReplyReply Direct Link To This Post Posted: Aug/11/2022 at 10:12pm
Originally posted by Nathan Explosion Nathan Explosion wrote:

Originally posted by spudpotato spudpotato wrote:

How do you know he’s EJ?

Originally posted by luvindy luvindy wrote:

First, good luck on your move away from Edward Jones. 

The super OSJ's are fine as a way to get to indy world, but treat it as a stop rather than a career path. Unless you like having to deal with an extra layer of bullshit for a few percentage points of payout, but that shouldn't be your motivator if you're going to do this right.

 

pretty obvious...probably talking to Cornerstone or similar type of group......they prey on the low hanging fruit

edit...dont mean that as an insult just how the world works.

I knew a guy that reviewed the Cornerstone contract for jonesies leaving... it basically says it's a 7 yr commitment and the clients are cornerstones.  LOL

These super OSJ groups are just out to make $ on dumb advisors in transition who are susceptible prey. 



"We probably have a 98% close rate." - Circlejerk 7-28-22

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Post Options Post Options   Thanks (0) Thanks(0)   Quote bkd77 Quote  Post ReplyReply Direct Link To This Post Posted: Aug/11/2022 at 8:47pm
Everybody has their opinion, which is fine. I don’t take offense to any of the comments. I’m just looking for insight and trying to learn as much as I can to make a good decision for myself and my family. I may be low hanging fruit for someone to prey on but we all are at different levels and we all started somewhere or transitioned to something else at one time. 
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RIA or fuck off at this point.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Nathan Explosion Quote  Post ReplyReply Direct Link To This Post Posted: Aug/11/2022 at 7:52pm
Originally posted by spudpotato spudpotato wrote:

How do you know he’s EJ?

Originally posted by luvindy luvindy wrote:

First, good luck on your move away from Edward Jones. 

The super OSJ's are fine as a way to get to indy world, but treat it as a stop rather than a career path. Unless you like having to deal with an extra layer of bullshit for a few percentage points of payout, but that shouldn't be your motivator if you're going to do this right.

pretty obvious...probably talking to Cornerstone or similar type of group......they prey on the low hanging fruit

edit...dont mean that as an insult just how the world works.


Edited by Nathan Explosion - Aug/11/2022 at 7:52pm
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Post Options Post Options   Thanks (0) Thanks(0)   Quote helado Quote  Post ReplyReply Direct Link To This Post Posted: Aug/11/2022 at 6:43pm
It's not that OSJ's own your book.  It's that b/ds won't allow you to switch OSJ's without your existing OSJ's blessing.

...and why would they give up their override?
My posts are for abrasive entertainment only. Nothing posted is investment, legal, tax or any type of advice, nor is anything mentioned true or even based on real events. Posts are complete fiction.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote B24 Quote  Post ReplyReply Direct Link To This Post Posted: Aug/11/2022 at 4:25pm
Originally posted by advisorman advisorman wrote:

Not at RJ. At Cambridge. Voluntary affiliation and I can change OSJ at any time. No OSJ owns any advisors books to my knowledge at Cambridge. That would be stupid for an advisor to agree to that.

Former Edward Jones reps turned LPL reps:


"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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Post Options Post Options   Thanks (0) Thanks(0)   Quote advisorman Quote  Post ReplyReply Direct Link To This Post Posted: Aug/11/2022 at 3:48pm
Not at RJ. At Cambridge. Voluntary affiliation and I can change OSJ at any time. No OSJ owns any advisors books to my knowledge at Cambridge. That would be stupid for an advisor to agree to that.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote missionshooter Quote  Post ReplyReply Direct Link To This Post Posted: Aug/11/2022 at 3:18pm
Advisorman,

An OSJ at RayJay doesn't have you by the balls just like an OSJ at LPL does?

I find that hard to believe....


"We probably have a 98% close rate." - Circlejerk 7-28-22

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Post Options Post Options   Thanks (0) Thanks(0)   Quote advisorman Quote  Post ReplyReply Direct Link To This Post Posted: Aug/11/2022 at 3:01pm
That’s because you are at LPL!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote missionshooter Quote  Post ReplyReply Direct Link To This Post Posted: Aug/11/2022 at 11:49am
Originally posted by advisorman advisorman wrote:

OSJ at least give you a single point of contact for compliance not some random idiot at home office. Can possibly get higher payout and little more upfront money.


Yes, but home office you don't have to beg the cocksucker to sign a form to release you .  The OSJ is your supervisor and is your master.  

Give me home office supervision for $400/month @ LPL anyday.  




"We probably have a 98% close rate." - Circlejerk 7-28-22

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Post Options Post Options   Thanks (0) Thanks(0)   Quote spudpotato Quote  Post ReplyReply Direct Link To This Post Posted: Aug/11/2022 at 10:07am
How do you know he’s EJ?

Originally posted by luvindy luvindy wrote:

First, good luck on your move away from Edward Jones. 

The super OSJ's are fine as a way to get to indy world, but treat it as a stop rather than a career path. Unless you like having to deal with an extra layer of bullshit for a few percentage points of payout, but that shouldn't be your motivator if you're going to do this right.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote luvindy Quote  Post ReplyReply Direct Link To This Post Posted: Aug/09/2022 at 11:40pm
First, good luck on your move away from Edward Jones. 

The super OSJ's are fine as a way to get to indy world, but treat it as a stop rather than a career path. Unless you like having to deal with an extra layer of bullshit for a few percentage points of payout, but that shouldn't be your motivator if you're going to do this right.
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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Post Options Post Options   Thanks (0) Thanks(0)   Quote advisorman Quote  Post ReplyReply Direct Link To This Post Posted: Aug/08/2022 at 4:27pm
OSJ at least give you a single point of contact for compliance not some random idiot at home office. Can possibly get higher payout and little more upfront money.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Nathan Explosion Quote  Post ReplyReply Direct Link To This Post Posted: Aug/08/2022 at 3:13pm
Originally posted by bkd77 bkd77 wrote:

@nathan explosion...there are some that came from my firm but not a lot I don’t think. 

gotcha......LPL has a lot of those lingering that market to certain captive firms....in the midwestWink
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Post Options Post Options   Thanks (0) Thanks(0)   Quote bkd77 Quote  Post ReplyReply Direct Link To This Post Posted: Aug/08/2022 at 3:12pm
@nathan explosion...there are some that came from my firm but not a lot I don’t think. 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote helado Quote  Post ReplyReply Direct Link To This Post Posted: Aug/08/2022 at 3:04pm
Originally posted by bkd77 bkd77 wrote:

I’m looking more at the OSJ but wanted to make sure that the B/D was good too.  The OSJ that I’m leaning towards provides some things that I think I would need help with and it would would be a smoother transition for me personally coming from a captive environment. Thanks for the feedback @helado. 

No problem.  If that's the case, I'd lean towards whatever b/d the OSJ is with that you're going to be leaning on.  

You'd be well served at any of those b/ds.  
My posts are for abrasive entertainment only. Nothing posted is investment, legal, tax or any type of advice, nor is anything mentioned true or even based on real events. Posts are complete fiction.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote helado Quote  Post ReplyReply Direct Link To This Post Posted: Aug/08/2022 at 3:03pm
Originally posted by advisorman advisorman wrote:

Biggest check. Commonwealth sucks

Of course it's the biggest check.  They are putting lipstick on a pig to go public.  

You're experience there definitely did, haha.  
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Nathan Explosion Quote  Post ReplyReply Direct Link To This Post Posted: Aug/08/2022 at 2:56pm
Originally posted by bkd77 bkd77 wrote:

I’m looking more at the OSJ but wanted to make sure that the B/D was good too.  The OSJ that I’m leaning towards provides some things that I think I would need help with and it would would be a smoother transition for me personally coming from a captive environment. Thanks for the feedback @helado. 

is this an OSJ where a lot of the people came from your same captive firm?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote bkd77 Quote  Post ReplyReply Direct Link To This Post Posted: Aug/08/2022 at 2:55pm
I’m looking more at the OSJ but wanted to make sure that the B/D was good too.  The OSJ that I’m leaning towards provides some things that I think I would need help with and it would would be a smoother transition for me personally coming from a captive environment. Thanks for the feedback @helado. 
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