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Best technology to use that LPL has?
I met someone and their son is a director at Morgan Stanley. He told me to give him a call and potential have a talk about working there . How are Morgan Stanley advisors compensated. I ask because I left another firm and they have tried to charge me charge backs on commissions that have come back.
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Owning your own book and being independent mean everything. Having a senior adviser transfer his book is huge as well, provided you have that in writing, including such details as a timeline. I think the choice is pretty clear.
What’s your prospecting plan without Bank of America giving you leads? Bank advisors can often struggle with this transition if they are too comfortable receiving referrals from bankers and not used to cold prospecting on their own.
Would you be an employee or independent contractor?
Its hybrid
For the profit sharing portion( sharing his production credit), I will be an employee of his company.
For my own production, I will be an independent contractor with the broker dealer
Would you own your book?
I would own my own book of business, and the senior advisor will be eventually transferring his book to me.