Minimum production and fees at LPL
I am a wirehouse broker looking at joining LPL. Is there a minimum production amount required to transition, and what are E&O and affiliation costs?
Thanks so much!
$125K min production level at LPL, I believe. At least that is what was posted.
My BD has a $50K min production ($250K to start your own division), and higher avg payouts than LPL. PM me, if interested. Good luck.
Minimum is $125k to handle your own supervision...misc fees run around 6-8k a year. PM if you want some detailed info.