Related Posts
Additional Posts in Leap to Independence (True Hybrid)
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
Sign Up to see all discussions
- Discover what it’s like to work at companies from real professionals
- Get candid advice from people in your field in a safe space
- Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.
"" is an unusual email domain. If correct, please proceed to the next step
Messaging rates may apply
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
New to Fishbowl?
Download the Fishbowl app to unlock all discussions on Fishbowl.
Share
Embed this post
Copy and paste embed code on your site
Preview
Download the
Fishbowl app
Scan your QR code to download
Fishbowl app on your mobile
Sign up for free to view this conversation on Fishbowl
Sign up for free to continue using Fishbowl
Messaging rates may apply
25 bps platform charge was the most glaring but they were on my top 3 when I made my move.
Bowl Leader
United Planners allows Schwab, TDA, and Fidelity with no platform fee. Check them out if you’re still looking.
I was considering Commonwealth Avenue in point, from what I read and my interactions with them, they are a good independent shop. However, I’ve always had my own skepticism about any company that is privately owned, because previously working at Edward Jones, I knew they can change the rules as they went along.
Can’t a public one do that too?!
Thanks for feedback RJ.
Any company can change things tho. Think about the wire houses. They change Comp plans every few years. Pros and cons either way. I visited RJ, very solid firm, has good name etc.
from a service standpoint and technology, CW seems much stronger.
The trade off is RJ is a good name with a solid reputation.
How long since you jumped, and did they harass you ?
Is EJ as good as advertised? There is always something that could be better, is better, would be better, but that is only a snapshot in time. If you want the control and feel you can handle the compliance, technology, etc, then RIA is the way to go. Keep in mind that one reason that things change at the BD’s is because policies force compliance changes, technology changes force companies to change. That won’t change as an RIA, but you have more control, a higher payout and freedom and flexibility. EJ is a fine company, Commonwealth is a fine company, RJ is a fine company. Moving from one home to the next is a lot of work and expense, but it does allow a purge of all the things you don’t need. Moving firms can be similar, but my guess is you will lose some clients you thought would never leave you as well Each firm will make changes, send out directives, and ebb and flow in the BD space.
What’s your point riskalyze?
Thanks !! Great feedback
Where are you located?
Bowl Leader
Commonwealth is good at getting a $250K producer to the $750K mark. After that, you’re paying for a bunch of bells and whistles you don’t need anymore. IMHO
What is the next move after that ?