[quote=Greenbacks]

Giff74 you will not be able to take the 24 ever  unless your OSJ writes a letter to LPL giving his ok!  You will not be able to move your clients to another branch at LPL no matter how much you gross!

It is all up to your OSJ!   He rules you 

[/quote]

yah but greenbacks if LPL knows he can easily leave to go to another b/d, wouldn't they want to accomodate his request?

No, The SEC is cracking down on opening up branches! Less branches fewer offices to audit!

[quote=Greenbacks]

Giff74 you will not be able to take the 24 ever  unless your OSJ writes a letter to LPL giving his ok!  You will not be able to move your clients to another branch at LPL no matter how much you gross!

It is all up to your OSJ!   He rules you 

[/quote]

So what are you suggesting? I go sign a lease someplace, take the 24 and fire up my own OSJ and office?

I am pretty good at two things right now, prospecting and closing. I think I have the head for running my own shop, but I dont want to bite off more than I can handle. I also think my OSJ is a pretty decent guy, at least so far.

I sure your OSJ is a great guy. I am just suggesting if you can do now is the time!

The goodknight won't give you alot of revenue to live off of, but it gives you probably 100+ accounts to get referrals from and at least some easy revenue to work from as a small base.  I would recommend not spending your time working on them for commissions, but developing a relationship that the old ir was not good at developing with them.  Do what you can to get their trust and get referrals from them.  There will be some rollovers and commissions that will come in from it over time, but not much.  It gives you 12-18 month headstart over somebody that starts with no assets and no branch to work from.  I started 2.5 years ago and have about 9.5 million.  After year one I only had 3.5 million, so yes starting with $5M will help. 

Giff,

What you do to solve the concern about leaving that OSJ for your own office is build it in to a contract.  Each of you need to come to an agreement that is workable between each of you.

[quote=JonesIR]

The goodknight won't give you alot of revenue to live off of, but it gives you probably 100+ accounts to get referrals from and at least some easy revenue to work from as a small base.  I would recommend not spending your time working on them for commissions, but developing a relationship that the old ir was not good at developing with them.  Do what you can to get their trust and get referrals from them.  There will be some rollovers and commissions that will come in from it over time, but not much.  It gives you 12-18 month headstart over somebody that starts with no assets and no branch to work from.  I started 2.5 years ago and have about 9.5 million.  After year one I only had 3.5 million, so yes starting with $5M will help. 

[/quote]

I would refrain from giving advice to other brokers until I proved myself as a broker. At 2.5 Yrs in and with 9.5 M AUM you are not exactly a fast starter by Jones standards or anyone's for that matter. For the record, I have been out slightly over 3 yrs with assets that are at least double yours. The point of the matter is that inheriting assets help you when you are getting started but if you aren't growing your assets by 500K monthly in your first 3-5 years then you will have a huge amount of difficulty lasting in this business. I hope that you will pay more attention to building your assets and less to giving advice to other brokers.

[quote=csmelnix]

Giff,

What you do to solve the concern about leaving that OSJ for your own office is build it in to a contract.  Each of you need to come to an agreement that is workable between each of you.

[/quote]

What? I dont understand what you are asking?

Giff,

If you are thinking at some point in the future you may want to run your own business then what I recommend is that you and the OSJ you are talking with come to an agreement that will allow you to leave at some point in the future with some assets/clients that you gained while working together.  Get it drafted in contract form and signed by all parties. 

[quote=csmelnix]

Giff,

If you are thinking at some point in the future you may want to run your own business then what I recommend is that you and the OSJ you are talking with come to an agreement that will allow you to leave at some point in the future with some assets/clients that you gained while working together.  Get it drafted in contract form and signed by all parties. 

[/quote]

Good idea! I am trying not to have to learn things the hard way here, I have got almost everything in writing, including bathroom privileges.