Financial Advisors

Considering changing from LPL to RJ or Ameriprise on the independent channel comments on any or all of the options? 2 million recurring revenue. Currently hybrid.

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The trading costs at LPL are not manageable in hybrid land and the technology is really a problem. Also the service departments are giving the wrong info.. too many new people.

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What’s going on at LPL that wouldn’t also be happening at RJ? Why the change?

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Definitely too high. The admin fees and bd override make other places more attractive after a certain level of gdc, which you are well above. If I were I would look RIA or another hybrid RIA.

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If your interested in making a move independent, please let me know. goldy@1stfinl.us. We also have our own RIA in addition being affiliated with a b/d

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I was at LPL until last year and left. The overhead was reduculous for or business model. I don’t like passing charges over to clients as SAM I do we made the switch. Opened our own RIA and use Caderat Grant for our annuity business. We are almost exactly 50/50 for BD and RIA business so we jumped revenue by almost 30% with the change. Good idea to shop.

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Consider us. Join SFM.com Large BD with a personal touch

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Can you explain how the costs with LPL hybrid is a problem?

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We are a hybrid and have 3 platforms to choose from. 1 platform has fees ranging from 10-15/trade. 1 has an asset based pricing model. And the last has a hybrid of the two. Email recruittoindy@gmail.com if you want to learn more. True Indy with competive costs and at your production great payout.

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You will pay way more then $26 trade at AMP for your fee business ask the person your talking too to give you the global admin fee schedule and you can calculate your own match but you would probably have to be doing over 1,300 trades monthly for AMP to make sense

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RJ All the way. Ameriprise will kill you in admin fees on the fee based platform

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Check my night stand too.

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@ameriprise 1 is the level two low.? At what production level does Ameriprise make sense?

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At the level of production admin fees at ampf don’t make sense

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@LPL OP... $26.50 only on institutional shares and ONLY in SWM II. There are A shares at NAV with no ticket chgs and SWM I has the client paying the ticket charges on all trades. Myu point: There ARE options.

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26.5 for a mutual fund trade

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Are you considering closing your RIA? I wasn’t aware that Ameriprise allowed outside RIA’s.

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Our RIA only allows institutional shares

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Reduculous?!?! Try, ridiculous... but you get it...

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That doesn't make sense. What could possibly be better?

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@lpl I don’t understand your comment. Obviously you feel LPL is the best option. Can you please let me know why you feel that way. I was recently at a top producer conference and when speaking with other top producers parentheses with production much higher than mine they were also very disenchanted with LPL. They were on the swim platform paying too much in training class unhappy with the service department unhappy with the new software platform and feeling that LPL was not working quick enough to solve their issues.

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