When I did my due diligence last summer, I was told that LPL and Raymond James were the 800 pound gorillas of the independent industry.  Commonwealth was mentioned as a smaller, but good alternative choice.  The only folks I heard talking about Schwab and Fidelity were those who had their own RIA...the real do-it-yourselfers.

I'm repeating myself, but I chose LPL and have been well satisfied with their setup.

According to your prior posts you don’t have near enough assets to get decent treatment at Schwab.

How does it work at Schwab anyway? I don't hear much about them as they closed the branch here in our town.

I thought Schwab was more like call center than one on one service?

Apparently they have a side for Indy.  Not sure of all the
details, but it’s not Schwab on the door.  Institutional side…

[quote=Ready2Jump]Apparently they have a side for Indy.  Not sure of all the
details, but it’s not Schwab on the door.  Institutional side…
[/quote]

They use their existing infrastructure plus a few more bells and whistles to custody assets for independent RIA’s.  This is RIA-only and they cannot(to my knowledge) handle traditional commission-based brokerage business for an indy adviser.  From what I understand you need to bring them about 25 mil in assets to get on the radar.