Any experience with Commonwealth?
I have done extensive research on both firms.
LPL: Self- clearing model is positive, tech is just slghtly better than CFN's - Some things better some things not. BIg Size-corporate feel (good or bad your persepctive). Going public (may or may not be a negative), The way they hold Planning fees from reps until you deliver the plan is terrible.
Commonwealth: Small family feel, personal customer service is second to none.
Both firms are really good but if you are a wealth manager who has planning as a backbone and primary of what you do the choice is simple - Commonwealth. Less restricitve on the planning.
Ohio what exaclty are the issues that crop up with the LPL planning. Also $$$$ you feel that Commonwealth not clearing is a huge issue, or are you referring to NFS has a zoo when it comes to clearing.
NFS is a zoo when it comes to clearing. BOA clears through them. I am only looking at self clearing firms as a result of my experiences with NFS. Bad service, and a great deal of errors to the client.
Thanks for the info ez. While were looking at other indy b/ds wondered if you had any thoughts on TransAmerica on the investment side of the house.