LPL vs. RJ vs. _________
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Shrek - just curious - in what way were RJ and Fidelity pricks? Was it that they didnt want to talk to you, your production was too low, you didnt like their platforms? or something else.
[quote=shrek]I’ve had conversations with LPL, RJ, Fidelity, and TD Ameritrade Institutional.
TDA is the front runner. RJ & Fidelity were pricks. LPL is #2, but I'm leaning RIA...[/quote] I think someone mentioned it before but with this small firm called harbor, you can get all the benefits of RJ without the attitude. Also you get the TDA Inst platform also. I think Harbor only has like 200 reps(maybe) so the personal attention or promptness is probably real high..Just a thought: have you answered why you need the services of a large broker dealer like LPL or RJ? I know Fred would ask this question first: understand what you are paying for, and if you need it.
Had the same experience, btw, as Ice with Fidelity and Schwab. If I was to have gone RIA, it would have come down to TDA or TradePMR. Names of people that treated me the way I hopefully treat my clients: Simon Hoyle, Cambridge; Jim Freeman, Cantella; Jim Zerwick, The Investment Center; Tony Montanari, Capital Guardian.Fidelity wants big $. They make it very clear that my 20mm isn’t anything special and it will be a big chore for them to get me set up.
RJ didn't give me the vive that they support your independence. Compliance and other policies make it feel like another wirehouse to me. (yes i met their production) Just depends on what you are looking for I guess. I like the RIA route. Lots of flexibility to do things your own way and create your own brand. Anybody have expericence with TDA?I think in this climate people want an established name that they know and trust. Been in the business for 5 years now and I don’t know some of these small names. I have the feeling that the corporate resources you get with LPL or RJ are more than worth the 10% of your comission they take.
Good luck.What do you base that on? Where are a majority of the big clients and big producing brokers?Clients could care less about a big name.
I base it on the fact that without trying this month, I’ve transferred $7 million from wires. They left because of their advisor and not the firm though. They worked for Merrill, MSSB, etc. Didn’t call the clients and guess what, client took their money and went to my no-name firm. They typed in a search, “Financial advisor, Anywhere, USA”, my firm popped up, they emailed, called and showed up.
Them and everybody else. No one cares about your big name firm.
Firm. One HH at $2mil will be mine.
Also, I should mention that I hate clients, if I haven’t already.
Pretty sweet. And me too, sounds like you have a few advisors to deal with the chump change thoughFirm. One HH at $2mil will be mine.
Also, I should mention that I hate clients, if I haven’t already.
Precious. This is not a sprint, but a marathon. What goes around comes around. Advisors like you make it so much easier for those of us who have our clients best interest first. Oh, did you ever hear that you build a book of business with clients who tend to be like you? Your book reflects you. . . . now I am understanding why you are so negative.Firm. One HH at $2mil will be mine.
Also, I should mention that I hate clients, if I haven’t already.
Precious. This is not a sprint, but a marathon. What goes around comes around. Advisors like you make it so much easier for those of us who have our clients best interest first. Oh, did you ever hear that you build a book of business with clients who tend to be like you? Your book reflects you. . . . now I am understanding why you are so negative.[/quote][quote=Moraen] Firm. One HH at $2mil will be mine.
Also, I should mention that I hate clients, if I haven’t already.
The whole goal is to get out of advising and run the money, pbrain. If you read any other posts you can tell.
Maybe you notice I have people working for me. The goal is for them to advise all of the clients.
Now I understand why you are such an idiot...