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Jul 22, 2005 10:24 pm

Please help…What is the typical compensation for a rep going independent.  Whole life, annuities, mutual funds, etc?

Jul 23, 2005 1:15 am

[quote=markl]Please help...What is the typical compensation for a rep going independent.  Whole life, annuities, mutual funds, etc?[/quote]

Somewhere between 50% and 95% or more, depending on production.

Jul 23, 2005 2:45 am

I researched both Raymond James and LPL and for my mix, they both paid out 90%, or in the low 80's with ticket charges.  RJ's minimum production appears to be $200,000 and LPL's is $125,000.  There are some small bonuses above certain levels and even some 12b-1 sharing in fee-based arrangements.

If you have current production of at least $250,000 and 5 years experience, I'd say either of these two would be an excellent choice.  For more information, see Raymond James vs. LPL in "What's Going on at the Firms?"