Looking for a B/D with a Low Production Minimum for a New Rep

No replies
BayouBengal's picture
Joined: 2011-05-23

I recently left my B/D to form a RIA.  Most of my business was fee based asset management and continues to be, but I had approximately 35K of trail commission mostly from Variable Annuity business that I had to leave behind.  The clients are loyal to me and will sign change of agent forms to whomever I wish; so,  I want to license a relative of mine, have them affilliate with a B/D, and transfer that production to them.  But the problem is that I can't seem to find a B/D who will take a rep with less than 50K gross production.  Does anyone know of a B/D who'll take a rep producing less than 50k, or have any other suggestions.  BTW - I understand that I could become a hybrid rep and continue to collect the commissions while running my RIA, but for a multitude of reasons, I do NOT want to become a hybrid rep.

Please or Register to post comments.

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

Sponsored Introduction Continue on to (or wait seconds) ×