Initial Stages

1 reply [Last post]
Anonymous's picture

I currently work for a rather large insurance company.  I have a steadily growing, balanced business consisting of about a 70/30 split of insurance products and fee-based business. I have no experience in the indy world and, except for what I have read on this (and other) boards, have little knowledge of the goings-on. I firmly believe that fee-based is the way to go and I am trying to make the transition.

I currently pay for my own office & supplies, laptop, E&O, technology platform, appointments/ licensing; I do my own allocation, planning, apps, illustrations, fact finding, etc., as well.

On the fee based side I receive 50% of GDC and on the insurance side between 50 and 70%.

Based on the expenses I am already responsible for, am I wrong in believing that I am giving up a large chunk of income for nothing?

Thanks in advance,


njh_at_lfg's picture
Joined: 2011-02-17

Your probably giving up quite a bit if you have above average production.

I run an RIA that helps transition advisors from B/D or insurance based firms without leaving business behind. Feel free to let me know if you want to discuss your current situation and provide some insight as I was once in your shoes.

Please or Register to post comments.

Industry Newsletters
Investment Category Sponsor Links
Wealth Planning Category Sponsor Links
Practice Management Category Sponsor Links

Sponsored Introduction Continue on to (or wait seconds) ×