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Apr 13, 2009 8:52 pm

rejected at lpl for bad credit rating?  no u-4 prob. 20m assets, 240m t12??? Where to go? Help.  Tks

Apr 13, 2009 8:57 pm

wow, what were your credit scores?

Apr 13, 2009 9:54 pm

1.2% ROA, Selling a lot of annuities over the last year?

Apr 14, 2009 10:10 am

rejected at lpl for bad credit rating? no u-4 prob. 20m assets, 240m t12??? Where to go? Help. Tks

BD, I'm at a regional, privately held, self clearing indy BD. I would definitely be interested in talking to you about what we have to offer. You can PM me if you would like more information about us.
Apr 14, 2009 1:42 pm

stupid reply Locaine, anybody who had 100% wrap at 1% would have a ROA of 1.25%+ for last year due to market depreciation.  If he had been selling a lot of annuties, even 35%, he would have a ROA of close to 2%.

Apr 14, 2009 1:49 pm

LPL and Wirehouses are strict when it comes to credit ratings.

  Regionals tend to be more flexible.   Good Luck!
Apr 22, 2009 10:43 am

If thinking about LPL and going and joining a OSJ know this. If the OSJ ends your sponsorship you will most likley not be able to have  LPL be your OSJ. LPL has cut staff and really is only taking in new recruits under home OSJ. If you cant find anyone you will be terminated. You really have to find a osj within 20 days or your screwed. If you are coming over GET your 24!