Going Indy

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Nov 16, 2011 9:24 pm

All of you independents out there, please weigh in with suggestions.  Without getting lost in the weeds, I am a 3+ year vet of EJ and I am looking to "scale back" due to some circumstances.  I am looking at working from home and managing a small book of 8-10MM.  These accounts produce 50-100k gross annually and many of them trade equities.  I'm looking for an indy that won't crush me with ticket charges and has a decent (better than 76.5% at LPL) payout on equities.  

I know about the affiliation fee, E&O, and some tech fees, but is there any other costs I'm missing.

Thanks for the help...

Nov 17, 2011 3:04 pm

Hi,

My BD pays 80% on equity trades.

85% MF, VA's.

PM me if interested in finding out more.

Ray

Dec 9, 2011 3:13 pm

Why dont you just go to LPL and then sell your book?   I mean are you living off 100k max?