Okay, just like so many before me.
7 yr vet at the firm, 46mm, 415k GDC, half is fee based. Numbers changed slightly to protect identity.
I have a top heavy book. Ready to go independent, but need someone to push me into the water.
Here is my view of the firms:
LPL - Everything a la carte, you want it you pay for it. Seem to have heavy admin fee's on advisory. Truly independent and much bigger than RJ
RJ - Picks up more of the little costs, not nickel and dimed, but still connected to a big firm. Payouts are a little less.
Here are my fears:
-Who will come? What can I do now to get more retention?
-Do I brand myself or use the firm name? Does it matter?
-How long is the painful transition process before I can get back to normalcy?
I know threads like this are out there, but I thought I would throw one out there to see if there is any fresh responses.
EJ, I left JOnes last year and started my own RIA with a lot less in assets. Give me a PM if you want my feedback.