Independent Rep compensation

or Register to post new content in the forum

 

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Jul 22, 2005 6:24 pm

Please help...What is the typical compensation for a rep going independent.  Whole life, annuities, mutual funds, etc?

Jul 22, 2005 9:15 pm
markl:

Please help...What is the typical compensation for a rep going independent.  Whole life, annuities, mutual funds, etc?


Somewhere between 50% and 95% or more, depending on production.

Jul 22, 2005 10:45 pm

I researched both Raymond James and LPL and for my mix, they both paid out 90%, or in the low 80's with ticket charges.  RJ's minimum production appears to be $200,000 and LPL's is $125,000.  There are some small bonuses above certain levels and even some 12b-1 sharing in fee-based arrangements.


If you have current production of at least $250,000 and 5 years experience, I'd say either of these two would be an excellent choice.  For more information, see Raymond James vs. LPL in "What's Going on at the Firms?"