What are the primary differences between Raymond James, LPL, and Wells Fargo for someone considering the Independent channel? Pros and Cons (hybrid broker/RIA model of business)

like
Posting as :
works at
You are currently posting as works at

I left Jones in 2015 and am with Raymond James. I interviewed LPL and Wells, and ultimately RJ was the best fit for me, and our practice. Raymond James provides the most support, by far. If you get with a large group at LPL you might get a higher payout, but there is little support, and not much name recognition across the country, in my opinion. Wells has a terrible reputation due to all the bank mishaps over the past few years, so even though they might offer more money up front, you don’t have to walk around with the Wells Fargo stigma if you don’t go there.

We have helped several Jones offices transition to RJ over the past year, plus a UBS team and a Wells Fargo team. We have scale, and can provide a better payout that joining RJ on your own. Our teams still use their own branding, website, etc. From an outsiders perspective they look like they are fully independent, but we handle their compliance and supervision, and we help transition with on-site support. I would be happy to visit with you about our experience, and how we can help.

like

I think LPL has a better payout but I’m happy at R James. The support is amazing

like

More Posts

Thoughts on Ogilvy?

like

Any supply chain professionals here? Wanna the scope for this market for women (& also women of colour)

like

What are some good restaurants in San Antonio? -Add the Name, type of cuisine, vibe, good and bad.

like

I love teaching art but am having to teach remotely to 1150 kids, k - 5. Have about 54 amazing elementary art teachers in my district that share SO much! I could retire (34 yrs), but just don’t want to because I love what I do! Feeling like my students aren’t getting what they should because I am struggling with Zoom, Microsoft, safe YouTube, bitmoji, embedding, downloads, editing, etc. Anyone else feeling this way?

like

Given pandemic - Would you buy into a early childcare educational franchise right now ? Why or why not. Looking at existing entity (currently losing money each month). can maybe get for fairly cheap. Owner not really in it and has family issues so looking to sell. Else a sign up for a new one would be ready in about 18 months.

like

Have completed my 2 technical rounds on last Monday...Post to that recruiter confirmed that I got positive feedback and going to schedule a Managerial round..But still he didn't schedule the round to proceed furter. ANY IDEA ON HOW LONG IT WILL TAKE FOR RECRUITER TO SCHEULE A MANAGERIAL ROUND.

like

One thing I like about my firm is that, if your intern sucks? You can just say they suck and they’ll get pulled off your job so you can focus on being efficient. I put considerable effort into 1: he’s never available, never finishes anything, never takes notes, doesn’t follow through on communication ever, zero initiative, and refuses to talk to anyone except 1 staff associate even when specifically directed otherwise. I can’t push pull or drag him if I tried (and I did). I don’t feel bad.

like

Deloitte 🐠. About to start as a C at F&EP, is there usually any general training or similar to a welcome- to-the-firm type of training when join at this time...? How does one sign up for that?

like

Any legal career advisors out there? Specifically looking for someone who has experience helping new lawyers navigate the field and narrow down what practice area they would be a good fit for. Thank you!

like

Hello Fishes,

I got offer from Accenture and HCL. HCL offer is slightly better than Accenture in terms of pay. Now, I have requested Accenture to revise the offer to match HCL offer.
Will they match HCL's offer? If yes how long will they take to revert back?

like

What do you need to feel fulfilled in your career?

like

My company recently changed my commission plan by capping half of our variable payout, resulting in the sales reps making roughly 30% less on commission checks when going over quota. Obviously this has crushed spirits, and I’ve lost any motivation to crush quota. How do I stay motivated ? Or is it time to find a new job?

like

“There’s still space” Go on. Get your coronavirus.

Post Photo
likefunny

Anybody do any programmatic trading on the side? Or digital buying in general ?

Hi Fishes,
I have 6 YOE in financial reporting, if an opportunity in Morgan Stanley in fund accounting arises, should I go ahead with it or would it be a reverse step career wise, would appreciate insights on same and also of MSFS Fund accounting culture, WLB, if anyone can help with the same...
Thanks in advance, would appreciate your help

like

Fishes,
Who attended last week induction training for new joiners from EY INDIA., Need engagement codes pls

like
likefunny

What are the risks of the ETH 2.0 project in the summer?
So far, everyone has been treating the summer as when ETH skyrockets but no mention of risk the value going down-- anything you'd be worried about, other than ETH 2.0 generally not being implemented well?

like

How safe is this company in terms of work life balance ? Employees centric values ? How safe you feel working in NTT data during this recession / About to come recession?

like

Additional Posts in Financial Advisors

Has anyone used Smart Asset for lead generation?

like

Raymond James Indy’s - what are the pros and cons? Likes and dislikes?

like

What’s the largest Trade Error you’ve made? How much did you pay out of pocket?

like

Biggest workplace pet peeves?

like

Do you pretend to like clients you don't actually like?

like

How do you make yourself feel better when you do something stupid and have people above you really angry with you because of it?

like

Is it Fi-nance or Finance??

like

What music do you listen to while working/traveling that would be embarrassing if it blared out of your device rather than headphones?

like

Anyone have the CIPM and willing to share any thoughts on it?

Anyone believe CFP's do a better job than non CFP? Or is it mostly a marketing plan?

like

I'm a 32 year old career changer (infrastructure PM) in pursuit of successfully passing the CFP exam. I'm having a hard time finding an entry-level fiduciary-path position within one of the big box firms. Does anyone know who and when these companies will be hiring? Thanks!

like

Does everyone have a routine on Mondays that they execute when they get into the office? Feel like I really need to improve in this area.

like

Friday I made 300 dials...I only talked to 29 people. If I made that many dials when I first started in this business in 1999 I would have talked to 80 people. Times have definitely changed.

like

It’s been a while since I’ve done a Series 7 Regulatory Element CE. Does anyone know how long this year’s version takes?

like

Sometimes feel like maybe I chose the wrong career path. I'm underpaid, work super long hours, I don't really enjoy the work and ultimately I am just unhappy. Anyone else feel this way at other firms?

like

Do you usually go for the “whole nut?” A very successful advisor once said to make someone a client first. If they have 1 mil with someone else, don’t ask them to move it all at first.

like

Do your clients actively use the client portal on your financial planning/reporting software?

like

Life is good because ____? Feeling deeply depressed about life

like

Anyone else not allowed to go into the office and still being charged rent? Insurance BD-badges don’t work till further notice. We asked about rent and haven’t received an answer.

like

Thoughts on Buffer Annuities? Seems weird to have an annuity without an income rider.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
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.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal