EDJ to LPL or RJ

1 reply [Last post]
EJorIndy's picture
Joined: 2011-05-19

Okay, just like so many before me.7 yr vet at the firm, 46mm, 415k GDC, half is fee based.  Numbers changed slightly to protect identity.I have a top heavy book.  Ready to go independent, but need someone to push me into the water.Here is my view of the firms:LPL - Everything a la carte, you want it you pay for it.  Seem to have heavy admin fee's on advisory. Truly independent and much bigger than RJRJ - Picks up more of the little costs, not nickel and dimed, but still connected to a big firm.  Payouts are a little less.Here are my fears:-Who will come?  What can I do now to get more retention?-Do I brand myself or use the firm name? Does it matter?-How long is the painful transition process before I can get back to normalcy?I know threads like this are out there, but I thought I would throw one out there to see if there is any fresh responses. 

B24's picture
Joined: 2008-07-08

EJ, I left JOnes last year and started my own RIA with a lot less in assets. Give me a PM if you want my feedback.

Please or Register to post comments.

Industry Newsletters
Investment Category Sponsor Links
Practice Management Category Sponsor Links

Sponsored Introduction Continue on to (or wait seconds) ×