[quote=newrookie]Curious how this works, what the platform is like, etc. 

  Have heard good things about LPL.   Not quite understanding how an Independent Contractor relationship would work in a bank, though, where the bank tends to control everything - i.e., they want to produce all marketing pieces (after all, it's their reputation), direct all prospecting activities (when and if seminars are done, on what topic, where), how, when, if the banks staff gets trained on referrals, what hours the rep needs to be at the bank, etc.   I don't quite understand how this applies as an IC, because controlling the work and how it is done constitutes an "employee" relationship not an IC relationship.[/quote]   Frankly, if the bank is controlling all the aspects you describe, I don't see how on earth classifying you as an independent contractor would pass the smell test with any taxing agency that wants to collect employment taxes (social security, unemployment, etc.).  LPL does have a nice platform, IMO, but if you have a bank telling you when to show up, how to dress, who you can talk to, etc., you are an employee for all intents and purposes.  Have you actually talked to the bank about all these issues or are you speculating what their level of control will be based on what you've heard about bank programs in general?  I know that LPL runs more than one kind of program in banks.  One is very much an employee program with the bank exercising a significant level of control.  Another is where the rep actually acts as an independent in the bank with the bank providing space, warm leads and sometimes computer equipment as well for a share of the gross.  If you have a bank wanting to set your hours and otherwise exercise significant control, they should also pay half of your social security taxes.  Anything less is called having your cake and eating it too.  This is the kind of relationship that I believe congress is specifically trying to legislate away and for the life of me, I can't understand why a rep in such an arrangement would balk at that.