LPL fees are going to eat you alive at that AUM level. Find another B/D - the key is to prospect like crazy and keep those expenses as low as possible.

5 Million is too little to transition. I left EDJ for LPL and agree the costs with being INDY will be too much for you since you won’t have the revenue stream needed to move and still make a decent living.

So here is the deal. The transition assistance is going to be around $26,500. Office expenses will be paid for in the form of and 70/30 over ride with the advisor . Ill still owe roughly 10 to lpl I take it. The advisor that has the office is a large producer and I’m hoping there will be some help from his end. I will be the first person he has brought on . I plan on prospecting like crazy, but do you guys still think its a no go? I feel like having my rent and all office expenses covered will help keep my initial expenses beat down. I plan on taking the lowest route on tech and of course the e/o will be 3k additional. Other than that I feel like the big expenses are out of the way. My projected transition amount will be 6-7 million. Thanks for all the opinions guys. Regardless of what they are, that is exactly what I want.