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All of you independents out there, please weigh in with suggestions. Without getting lost in the weeds, I am a 3+ year vet of EJ and I am looking to "scale back" due to some circumstances. I am looking at working from home and managing a small book of 8-10MM. These accounts produce 50-100k gross annually and many of them trade equities. I'm looking for an indy that won't crush me with ticket charges and has a decent (better than 76.5% at LPL) payout on equities.
I know about the affiliation fee, E&O, and some tech fees, but is there any other costs I'm missing.
Thanks for the help...
My BD pays 80% on equity trades.
85% MF, VA's.
PM me if interested in finding out more.
Why dont you just go to LPL and then sell your book? I mean are you living off 100k max?