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Best place to work Independent?

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Jul 7, 2006 10:01 pm

quest capital, thrivent financial, PrimeAmerica, Waddell & Reed or any other suggestions???

Jul 7, 2006 10:02 pm

[quote=brothaK]quest capital, thrivent financial, PrimeAmerica, Waddell & Reed or any other suggestions???[/quote]

None of the above.

From what I hear Raymond James is one of the best independants.

Jul 7, 2006 10:17 pm

Have mercy…don’t go to Thrivent or Primerica…

Jul 7, 2006 10:30 pm

LPL, RJFS, and Commonwealth are all quality firms.

Jul 7, 2006 10:36 pm

what makes those firms bad or not up to par with other indy firms?

Jul 7, 2006 11:19 pm

or how about another question,

which company would be the best to work for to be able to go part time as a financial advisor, with 0 aum :)

please no bashing hehehe

i only accept constructive critisism and an answer.

Jul 8, 2006 3:47 pm

If i had to pick out of THOSE firms...WR, i know some good producers at thrivent though. You have to like to sell insurance.

Jul 10, 2006 3:34 pm

You may want to look up "independent" before considering some of those you listed.  If you are looking for true independence, Ray Jay, LPL, CommonWealth, NFP ....  are all good firms.  The AUM issue may trip you up if trying to get into those, so you may be limited. 

Jul 10, 2006 11:04 pm

looks to me that the best places to work independent with 0 aum is

WR, quest capital and maybe LPL and nfp, I couldnt find any info on their websites regarding if they wanted a set production level to be able to work for them.

the rest:

commonwealth and rjfs wanted a good amount of production before entering with them

and Thrivent Financial: whats up with them? and the lutheren church thing they have got going?

same with primerica? is this for the minority investors or something? i dont get it?

Jul 10, 2006 11:40 pm

Primerica is a pyramid scheme.  Commonwealth requires $200k min and RJ $250k min (although both will consider those with less if they are joining an existing office).  LPL has a min, but it is around $100k (if my memory serves me correctly).  NFP has some issues.  WR is not independent.  Never heard of Quest.

Most independents will not entertain many who have $0 to bring with them. 

Jul 11, 2006 5:08 am

which independents will? then what is up with WR? also please dont forget my other questions guys

Jul 11, 2006 3:36 pm

Waddell & Reed is a W2-based BD.  Independents are 1099s.

No idea who will let you.  Good luck.

Jul 11, 2006 9:23 pm

Don’t waste your time calling RayJay.  They do not take people who want to work part time in the beginning stages of their career.

Jul 12, 2006 3:17 am

which independent company will allow me to work as a newbie?

Jul 12, 2006 3:18 am

while at the same time basically “part time”

Jul 12, 2006 5:13 pm

I'm pretty sure that you could work with most of the independents, just not as your own branch office.  You could join a local office (if the Advisor is interested in expanding) and then build your own office when you meet the B/D's minimum qualifications.

Most of the Indy B/D's list their reps on their websites.  Just start calling them or stopping into local offices, introducing yourself and see if they're int'd.

Jul 15, 2006 6:39 pm
I have been at Quest at awhile . They are easy to work with ,and the payouts can go up to 95%. Please keep in mind you pay for your expenses. I usually pay about 300.00 monthly . Office supplies ,advertising ,etc. There is no "pressure" to be selling certain things. go to www.questcapital.com
Jul 15, 2006 6:40 pm
Excuse me I meant to say for awhile  Thats what happens when you go outside in 115 heat!