Financial Advisors

Raymond James vs LPL.

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I’ve researched both and very similar. LPL is trying to really grow and keep together all the firms they recently acquired. They’ve had to backtrack a little to entice some advisors to stay there. By sheer numbers LPL is larger. I do like RayJay and especially their chief market guy Jeff Saut. Ticket charges I’ve heard at RJ are a pain though and more than LPL. Technology is decent at both.

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I just eliminated them from my search and I think I'm going with Cambridge

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Why are you down to those two? Shave your head and tattoo a bar code on it so they can scan you at the National conference.

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Prospera Financial. Privately owned, boutique firm. Custody with Wells Fargo or Pershing. Caters to larger producers. Avg GDC ~ $500k

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I think my main attraction to them is no bad brand recognition

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Rj pays anywhere from 20-40% upfront maybe even more for really large producers

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Finet?

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What kind of up front checks does ray jay offer on their independent side?

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Cambridge is definitely a quality organization too. I like the way they preach culture and importance on family. 3200 advisors vs 16k at LPL and 7600 RJ Smaller numbers means also less (or no) brand recognition, not that you need that when you’re Indy.

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Lpl will give you a higher payout. RJ has better service and tech.

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And privately held versus pubilcy traded

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