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Jan 14, 2009 12:01 am

Does anyone know what some of the independent firms offer in acat allowances?  We are currently negotiating and would like to know what percent of T12 most firms would give.

Jan 14, 2009 1:14 am

A lot of firms will take a look at your book to see how many brokerage accounts you hold versus direct and that will be added to your overall transition package, which should also cover licensing fees, E&O, technology and marketing/start up costs if you are coming from a wire.

Jan 14, 2009 1:27 am

LPL paid for all contra-ACAT fees on accounts over $50k completed
within 120 days of coming on board. It was paid in the form of a credit
directly to my “run” after the 120 days had elapsed. This allowed me to
cover client’s fees, if I chose, then be reimbursed, or keep it as
profit if the client ate the fee.

Jan 14, 2009 11:13 pm

My friend just got a similar deal… $10K credit to be used for whatever.

Jan 15, 2009 6:08 am

I got 3% of trailing 12, which ended up being plenty.  I’ve heard of people negotiating quite a bit better than that, but in this environment, that game may have changed.

Jan 15, 2009 6:27 am

$100 per ACAT account within the first 90 days.