[quote=Indyone]

I had no problem convincing my assistant to make the jump.

[/quote]

Suppose she stays with you for decades.  Will you be able to provide her with a retirement package equal to, or better than, what she would have received with similar service to a "real employer?"

Yes.  I'm not greedy...I share with those who help me.  Right out of the gate, I'm in line with what she had.  We had no define benefit plan at brand X.

[quote=Indyone]

Yes.  I'm not greedy...I share with those who help me.  Right out of the gate, I'm in line with what she had.  We had no define benefit plan at brand X.

[/quote]

What do you mean by greedy, what is greed?

You're offering her a defined benefit plan?  You'll continually fund it until she dies?

Ok-  For comparison (Indy versus Wirehouse) we can compare the specifics of the following circumstances:

A Rep works for Merrill and has 300K Annual Gross.  What is the approx. take home?  He has been in business for 4 years. 

If he had the same Gross and AUM at LPL what would he approximately make?

From afar you look at the payout difference and its large...40% to 90%.  We know some of the things that reduce LPL net.  Office space, assistant, platform fees, insurance etc. 

What makes the most sense?  What increases the Merrill net payout?  It seems there is alot of LPL reps who reduce their expenses by working from home, without assistant etc...

you dumb sh!it it's 40% to 90% net! After expenses it's more like 40% wire to 50% indy. Not really worht it if you can't consistently gross 400k per year.

excuse me, I’m a dumb ass also. I mean 40% net to 90% gross not apples to apples. Look at my numbers. It doesn’t make much sence to go indy unless like I said you’re grossing consistently more than 350k. Be wary of what the LPL recruiters tell you. Have them run the numbers like they did for me. Not so compelling, even at 300k which is where I’m at now with the bank. I doubt I’ll do 300k as a no name financial serivec firm for several years. Bottom line is be careful before you make that so called great leap to indy.

Does sence look right to you?

wow newbie, why the slam? i have owned a couple of business so i know how to read a p & l. i was just pointing out to our friend that based upon the numbers lpl gave him, if he increased his expenses 10k, his net falls 5% not 10.

Does this mean that doubleb is another name used by ezmoney?

Why would you write an entire paragraph without capitalizing anything that should be capitalized?

Maybe he didn’t feel like using his pinky to hit SHIFT, maybe he doesn’t have a pinky.



You’re awfully judgemental of people who have mediocre grammar. You should be more careful with your own.

[quote=bankrep1]Maybe he didn't feel like using his pinky to hit SHIFT, maybe he doesn't have a pinky.

You're awfully judgemental of people who have mediocre grammar. You should be more careful with your own.[/quote]

If sombody is missing their little finger wouldn't they have trouble typing anything with the letter "A" in it?

I don’t know I have all mine

newbie are you a reg. rep.? answer is no. so go away.

[quote=ezmoney]newbie are you a reg. rep.? answer is no. so go away.[/quote]

Sure I am, I have a Series 7 license.

[quote=NASD Newbie]

[quote=ezmoney]newbie are you a reg. rep.? answer is no. so go away.[/quote]

Sure I am, I have a Series 7 license.

[/quote]

I doubt it.

NASD, since you are so quick to correct everyone else....

Having a series 7 license or a series 6 is only part of what makes one fit the definition of a registered rep.   If one can't sell securities through a B/D, that person is not a registered rep despite being properly licensed.

NASD Newbie was one of those “indispensable” middle managers that was let go during the brokerage pogroms a few years ago.  Hence, his bitterness and envy of those who are still working and thriving in our industry.

[quote=NASD Newbie]

[quote=ezmoney]newbie are you a reg. rep.? answer is no. so go away.[/quote]

Sure I am, I have a Series 7 license.

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[quote=ezmoney]excuse me, I’m a dumb ass also. I mean 40% net to 90% gross not apples to apples. Look at my numbers. It doesn’t make much sence to go indy unless like I said you’re grossing consistently more than 350k. Be wary of what the LPL recruiters tell you. Have them run the numbers like they did for me. Not so compelling, even at 300k which is where I’m at now with the bank. I doubt I’ll do 300k as a no name financial serivec firm for several years. Bottom line is be careful before you make that so called great leap to indy.[/quote]

Then stay at the bank and stop whining.  Those of us who have made the leap did it for reasons beyond merely money, although the bucks are nice.
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newbie is 60ish,twice divorced with grown kids who won’t speak to him. he has a massive inferiority complex which manifests itself in his constant need to feel superior. that’s why he nitpicks over such things as punctuation. the problem is, his nitpicking nonsense gets in the way of a legitimate discussion. ignore him.