I am wit LPL our E& O just went up to $2,500 + $500 if you do insurance. $2,200 sounds good to me.Your six & 63 may be the reason it is cheaper.
You should have went to Jones, their reps don't have to worry about paying for anything out of pocket.
I am becoming a rep for a large insurance/financial co on their independent side. The commissions are 70% which is great. However, I feel like I was bait and switched a bit. I get the job, get my 6 and get my 63, now they tell me I have to pay $2200 a year for 2MM in E&O (and I’m not allowed to shop around, hello kickbacks) and $2400 a year for software, rep fee, and some bs email account I will probably never use. Is this normal? I’m trying to start in this business and paying ~$5k a year upfront kills my fn cash flow!!!
You don’t have a choice about the e-mail account. They have to be able to monitor you.
Bummer about the out of pocket but if anything ever happens it will have been the best investment you ever made.
blow me aliceim good now, my budget just didn't expect it, wife is trying to stay home with my 4 month old...needed to vent
[quote=passivesf]blow me aliceim good now, my budget just didn't expect it, wife is trying to stay home with my 4 month old...needed to vent[/quote]
Pussy, why did you delete your post? You may want to ask your wife to advertise her services on craigslist to take the edge off of the cost of doing business.