Related Posts
Community Builder
More Posts
Who got in on Larva Lads? 👀
Especially for companies doing heavy hiring!
Anonymous User
Bowl Leader
Visual Storyteller
Additional Posts in Financial Advisors
Anyone in SoCal?
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
I hope JPMorgan is being sarcastic. I don't even agree with that statement
If I were you I would go for AXA, they take the best from each firm. Do the research, you won’t regret it!
You should consider Primerica! Best in class Term life insurance with 35yr term and a term to term conversion with no health check. Also an all digital, paperless office including investments can submit everything from our very own mobile APP. Right from a smart phone or tablet. Also we get paid upon submission not upon issue, Managed accts on our own platform as well as retail accts. Starting contract is 110%plus 20%bonus on life side, 64%to 85% on investment retail side. And ownership at$300k . Also 3 different levels of ownership available not mention quarterly equity awards as well and you get overrides on the team you build and you can override stock as well. Also 3 incentive trips per year and they don't hit you for the taxes like other companies... it's 100%paid for for 2 people.
My only experience is what I have read on here. Make sure you don't run into non-compete legal issues before jumping ship. CG has been well spoken of on here but we use LPL at AXA and it works for me.
XYPN has an actual checklist on their site check it out
We went independent RIA. Not sure how big you are or if you have a team. But my two partners were at NM for 10 years also.
They did not have a non-solicit, but I did.
I don’t think that came into effect until 2013 full time contracts signed that year. Which is when mine was signed.
I would go RIA and don’t look back.
Lpl Hybrid is it’s own beast and if you are actually looking to go hybrid their are better options than a BD that lets you use there RIA for a steep price.
I assume you want to go hybrid because of annuities (that’s why we are a hybrid or we would be just an RIA). If that’s the case, the BD doesn’t matter as you will only be using them to hold annuities. So you really should be looking into if you want to open your own RIA or use a BDs. No wrong answer just be clear with your vision going forward when talking to BDs.
JPMorgan, if you have a better way to talk let me know. The entry level training where I am is great, but sometimes I grow resentful of the annuity focus and association I get with the company brand. Overall I am happy here but there is more to be desired
Take a serious look at Cambridge Investment Research. Independent BD. I spent two years looking before I moved. Best decision ever.
@nm, I'm not aware of any non compete issues, are you?
Well yea technically our contract has some non-solicit info and I’ve heard some stories, plus I know how our CRC program is too. Shouldn’t be insurmountable though.
Depending on where took are we could talk. In Indiana. We are an lpl hybrid
Following up, my contract is only 4 years old but definitely has non-solicit language. I still don’t think that should stop you, I’m sure any attorney could find their way around it. I’m pretty sure these are tough to really enforce.
You should have a look at Third seven capital advisors. Could help you broaden your offering and are growing rapidly, and there is dual equity opportunities. Just make sure you partner up with a company that sees you as an advisor as oppose to a number.
@AXAADVISORS1 jajajajaj that’s funny coming from an actual Axa Advisor. Enlight me brother! I’m a newly to be Advisor and I think so far Axa has the best proposal for me as an entry level, perhaps it could be different for an experienced one of course, but that’s what was sold to me. Give me feedback !!
I’d be curious about your transition. I received an email about establishing Ria through lpl. It has 100% payout on advisory business.
@AxaAdvisors shoot me an email with your contact so we can chat about that. Or either, reply hear with your contact if you want me to reach out to you. Thanks! Email: jaynotes@icloud.com
You can email me at foo2121@gmail.com. Yes that is a throw away account. But I’m with lpl
I'm definitely interested in the LPL hybrid. Not sure if I would plug into another 'branch', or go direct with corporate. I have my own infrastructure, but making the company smaller is appealing. Any comments on this? Also, how can I direct message people that comment on here?
Also thinking about Cambridge and commonwealth for bd's.