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Apr 14, 2009 12:52 am

bdlink

Joined: 2009-03-27Offline

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

Apr 14, 2009 12:57 am

unsure

Joined: 2009-04-09Offline

wow, what were your credit scores?

Apr 14, 2009 1:54 am

Iocaine

Joined: 2007-06-26Offline

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

Apr 14, 2009 2:10 pm

SAL3678

Joined: 2009-02-23Offline
bdlink:

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 5:42 pm

duster10

Joined: 2008-10-11Offline

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 5:49 pm

Vin Diesel

Joined: 2007-04-18Offline

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

  Regionals tend to be more flexible.   Good Luck!
Apr 22, 2009 2:43 pm

indyman10

Joined: 2009-03-17Offline

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!