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Minimum production and fees at LPL

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Nov 1, 2011 6:19 am

feebasedrep

Joined: 2008-12-31Offline

I am a wirehouse broker looking at joining LPL. Is there a minimum production amount required to transition, and what are E&O and affiliation costs?

Thanks so much!

Nov 1, 2011 5:58 pm

Aguilartx

Joined: 2011-07-22Offline

$125K min production level at LPL, I believe. At least that is what was posted.

My BD has a $50K min production ($250K to start your own division), and higher avg payouts than LPL. PM me, if interested. Good luck.

Nov 2, 2011 3:07 am

Cowboy93

Joined: 2005-05-10Offline

Minimum is $125k to handle your own supervision...misc fees run around 6-8k a year.  PM if you want some detailed info.