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Aug 7, 2006 11:55 am

[quote=joedabrkr] [quote=NASD Newbie]

[quote=ezmoney]newbie are you a reg. rep.? answer is no. so go away.[/quote]

Sure I am, I have a Series 7 license.

[/quote]

You can only have a series 7 license if you are affiliated with a b/d.  Since you are currently unemployed, you do not have a series 7.  You have two years from the date of your last employment with a b/d to reinstate your license without testing.  Unless, of course, you're "parking" your license somewhere, but you already know that's illegal, right?
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//–> [/quote]

Are you sure I'm not an LPL rep who is running a few accounts?

Perhaps I'm a member of a team at Smith Barney who is collecting trails on my family's accounts?

The reality is that you're not sure if I am currently active or not.

Aug 7, 2006 11:59 am

[quote=doubleb]newbie is 60ish,twice divorced with grown kids who won't speak to him. he has a massive inferiority complex which manifests itself in his constant need to feel superior. that's why he nitpicks over such things as punctuation. the problem is, his nitpicking nonsense gets in the way of a legitimate discussion. ignore him.[/quote]

Is it still a complex when the subject (Newbie, in this case) actually IS inferior?

Aug 7, 2006 2:08 pm

[quote=NASD Newbie][quote=joedabrkr] [quote=NASD Newbie]

[quote=ezmoney]newbie are you a reg. rep.? answer is no. so go away.[/quote]

Sure I am, I have a Series 7 license.

[/quote]

You can only have a series 7 license if you are affiliated with a b/d.  Since you are currently unemployed, you do not have a series 7.  You have two years from the date of your last employment with a b/d to reinstate your license without testing.  Unless, of course, you're "parking" your license somewhere, but you already know that's illegal, right?
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//–> [/quote]

Are you sure I'm not an LPL rep who is running a few accounts?

Perhaps I'm a member of a team at Smith Barney who is collecting trails on my family's accounts?

The reality is that you're not sure if I am currently active or not.

[/quote]

True.  I had been operating under the assumption that you were telling the truth, though would not rely on that assumption when it came to anything of import to my business.
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Aug 31, 2006 4:10 am

I am thinking of going to LPL. My production was 275k last year. I have about 100k in trial rev. I am thinking of joining a office and split the expenses. My payout at my firm is 25 - 28% sometimes 31%. 6% less on trail rev. (firm may give it back as bonus at year end) I take home around 60- 80 k depending on the year. Book is around 30 MM. I just want to make the same or more the first year. Am i ready to go Indy?

Aug 31, 2006 4:25 am

[quote=bankfa10]I am thinking of going to LPL. My production was 275k last year. I have about 100k in trial rev. I am thinking of joining a office and split the expenses. My payout at my firm is 25 - 28% sometimes 31%. 6% less on trail rev. (firm may give it back as bonus at year end) I take home around 60- 80 k depending on the year. Book is around 30 MM. I just want to make the same or more the first year. Am i ready to go Indy?[/quote]

Obviously part of the decision depends upon the specifics of the office you’d join.

At those payouts, however, it is highly unlikely you would make less at LPL.  Presuming, of course, you can take a decent sized portion of your book along.

It’s hard work getting started, but oh sooo worth it!