$400 monthly cost at an indy

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Feb 4, 2012 6:20 pm

Does this sound right? As a life insurance rep, they charge $50 e&o(understandable) but in order to be a securities rep, the monthly fee jumps to $400. Granted we get an office/assistant/computer/phone etc etc. But $400 sounds a bit steep cause I work from home. Is this what indys typically charge their reps?

Feb 4, 2012 9:25 pm

[quote=NumbersGeek]

Does this sound right? As a life insurance rep, they charge $50 e&o(understandable) but in order to be a securities rep, the monthly fee jumps to $400. Granted we get an office/assistant/computer/phone etc etc. But $400 sounds a bit steep cause I work from home. Is this what indys typically charge their reps?

[/quote]

I don't pay anything monthly, (after the annual affiliation and E&O is removed from a commission check) so it varies bigtime. Sounds like you get quite a bit for $400.

Feb 6, 2012 9:40 pm

That is cheap.

Feb 13, 2012 10:13 am

ING Financial Partners charges 140 for TECH and 215 for E&O.  How is that $400?

Feb 13, 2012 11:28 am

215 for E/O? It should only cost $1200 a year. 

Feb 13, 2012 12:13 pm

Give me a list of 5 name brand INDY firms that only charge $1200 per year.

Feb 13, 2012 8:31 pm

Most firms mark up e&o. Woodbury charges $950 per year e&o

Feb 16, 2012 10:21 am