I have been contemplating a move from a WH to LPL for over a year now. As a small producer, I am concerned that if I don't accurately project the costs of going Indy, I could end up taking several steps backwards in my career. I am conservatively estimating transferring $10 million, or $115k in T12 revenue (my total T12 is $150k). My practice is 70% - 80% fee based. Initially, I plan to work out of my home office. My book is $3m SMA, $2m mutual fund advisory, $3m mutual fund/stock advisory, and $2m Variable Annuities and Mutual Funds (mostly C shares). My turnover ratio is very low. How much can I expect to net out after the various fees that are charged by LPL?
Thanks in advance.