Best place to work Independent?

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Jul 7, 2006 6:01 pm

quest capital, thrivent financial, PrimeAmerica, Waddell & Reed or any other suggestions???

Jul 7, 2006 6:02 pm
brothaK:

quest capital, thrivent financial, PrimeAmerica, Waddell & Reed or any other suggestions???


None of the above.


From what I hear Raymond James is one of the best independants.

Jul 7, 2006 6:17 pm

Have mercy...don't go to Thrivent or Primerica...

Jul 7, 2006 6:30 pm

LPL, RJFS, and Commonwealth are all quality firms.

Jul 7, 2006 6:36 pm

what makes those firms bad or not up to par with other indy firms?

Jul 7, 2006 7:19 pm

or how about another question,


which company would be the best to work for to be able to go part time as a financial advisor, with 0 aum :)


please no bashing hehehe


i only accept constructive critisism and an answer.

Jul 8, 2006 11:47 am

If i had to pick out of THOSE firms...WR, i know some good producers at thrivent though. You have to like to sell insurance.

Jul 10, 2006 11:34 am

You may want to look up "independent" before considering some of those you listed.  If you are looking for true independence, Ray Jay, LPL, CommonWealth, NFP ....  are all good firms.  The AUM issue may trip you up if trying to get into those, so you may be limited. 

Jul 10, 2006 7:04 pm

looks to me that the best places to work independent with 0 aum is


WR, quest capital and maybe LPL and nfp, I couldnt find any info on their websites regarding if they wanted a set production level to be able to work for them.


the rest:


commonwealth and rjfs wanted a good amount of production before entering with them


and Thrivent Financial: whats up with them? and the lutheren church thing they have got going?


same with primerica? is this for the minority investors or something? i dont get it?

Jul 10, 2006 7:40 pm

Primerica is a pyramid scheme.  Commonwealth requires $200k min and RJ $250k min (although both will consider those with less if they are joining an existing office).  LPL has a min, but it is around $100k (if my memory serves me correctly).  NFP has some issues.  WR is not independent.  Never heard of Quest.


Most independents will not entertain many who have $0 to bring with them. 

Jul 11, 2006 1:08 am

which independents will? then what is up with WR? also please dont forget my other questions guys :)

Jul 11, 2006 11:36 am

Waddell & Reed is a W2-based BD.  Independents are 1099s.


No idea who will let you.  Good luck.

Jul 11, 2006 5:23 pm

Don't waste your time calling RayJay.  They do not take people who want to work part time in the beginning stages of their career.

Jul 11, 2006 11:17 pm

which independent company will allow me to work as a newbie?

Jul 11, 2006 11:18 pm

while at the same time basically "part time"

Jul 12, 2006 1:13 pm

I'm pretty sure that you could work with most of the independents, just not as your own branch office.  You could join a local office (if the Advisor is interested in expanding) and then build your own office when you meet the B/D's minimum qualifications.


Most of the Indy B/D's list their reps on their websites.  Just start calling them or stopping into local offices, introducing yourself and see if they're int'd.

Jul 15, 2006 2:39 pm
Jul 15, 2006 2:40 pm