Independent from the start?

2 replies [Last post]
JollyRoger's picture
Joined: 2008-05-19

I am 31 and researching a career change from IT at a Financial Services institution to becoming a Financial Advisor.  I am considering all options including Wirehouses, Banks, Brokerages,  and Independent companies like LPL. 
While it may not be the best idea, is it possible to start my advising career out at a company like LPL as an Independent Advisor instead of moving Independent after I obtained experience.

troll's picture
Joined: 2004-11-29

It is possible only if you ASSOCIATE with another LPL advisor.LPL will be looking for existing production experience.I would HIGHLY recommend learning the ropes at a career shop and THEN transitioning to an independent shop.  This will make the move that much sweeter for you along with having really good  training - particularly in compliance issues.

Roadhard's picture
Joined: 2007-02-23

It would be very difficult--I am looking to expand my practice but I would be doing it with folks having some experience (3-5 years minimum).

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