Comp Question-referring a large 401K, can I earn?
Can someone "broker" the placement of a large 401K deal and receive compensation from the broker/dealer?
example...say I have the ability to direct or place a large 401K. I
interview several broker dealers and decide on three finalists. Can I
receive compensation to place the deal? Note, while I am licensed, I
will not be int he employ of a broker dealer. I will be acting on my
If I can be compensated, what is the typical fee arrangement? Up front 1-2 percent?
If you aren't employed by a registered firm, I'm pretty sure that while you have a license it is inactive and you won't be able to receive anything for it.
You could only do it by receiving consulting fees from the employer. You could not receive anything from the providors.