Please help me make a decision
I've been a license 7/63 for years. I have some clients will follow me, not much money line, but at least to survive for the first 3 months. So I could go either independent or work under a OSJ.
Which broker/dealer should I choose? (equity-oriented portfolio management) I care about firm brand and payout... Please help, I know a lot of you here have plenty of industry experience and know it all...The ball doesn’t sound like it’s in your court. You don’t get to choose where to go. Who is willing to take somebody who isn’t very successful? I’m not trying to be a jerk, but without knowing your options, nobody can give you much help.
I would suggest finding an OSJ willing to bring you on with minimal assets. Re-evaluate after you have some assets under your belt.
I'm looking to rebuild my book. I used to be a $300K producer...I have the confidence to do it all over again, just want a solid company for a long time commitment, dont want to go from firm to firm, just a waste of time in brokerage business.
Understood, but most independant firms won’t take someone without assets.
what are the high payout broker/dealers you know off hand, B24?
Are you guys familiar with the firm gunnallen? How's their repuation? On the same token, I do want to become a real FA to sell mutual funds/insurance in the future, so might as well start with a reputable company such as Raymond James by selling equities their first.I’m not the best person to ask, but I think LPL generally has the highest potential payouts. I have only heard negative things about Gunallen.
Fussen, you sure you used to be a 300K producer, or did I read that wrong? Your questions don't seem like those coming from someone that was in the business for any length of time.Thanks B24. at least I realised I didn’t stay concurrent with my own industry now, better than never.
Thanks everyone for your support, you’re the best!!
I am not so knowledgeable about this matter. So i have to learn it. Thanks for the post.
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When we were doing our due diligence, Ray Jay seemed the most equity trading friendly. Be careful though if you have clients trading options, that became a big snag for us! Another thing, if you were a 300k producer and have dropped below 250k, Ray Jay may not even consider you.
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