Related Posts
Which FAANG companies have non-tech PM roles?
crying ceo killed everyone today on LinkedIn 🤣🤣🤣
You are where you are supposed to be.
Additional Posts in Financial Advisors
Is the cfp as hard as people says it is?
What kind of shoes do you guys rock at work?
New to Fishbowl?
unlock all discussions on Fishbowl.
Wells. Was initially Wachovia but things basically went unchanged after the acquisition. Love the planning tools and the firm allows me to run my own model and they don't push firm products AT ALL.
With ML and honestly chose it because of the prestige initially. Staying with it because of the career growth opps and various groups that are possible to join (I'm still early on in my career).
Love WF because of the network for independent advisors that exists even if you're more rural.
The whole "treat their advisors like clients" line is pretty true here. Definitely feel valued and respect their focus on that.
At AXA and find it to be extremely competitive, using LPL's B/D platform and open architecture on the insurance side but still agency system benefits, comp, bonuses, etc. Best of both worlds!
It's all about the people. Good people at every firm. Everyone has good "systems" but it's the people and relationships that matter most.
Lfg, what makes them unmatched?
Independent RIA/BD hybrid. Best decision I ever made. I make more, have far more answers for my clients and everything gets done without the red tape. I worked at Met Life, AIG and UBS before, and they were all poor experiences. Going independent was amazing. If you don't have enough AUM to support yourself and start your own RIA, join one. We're always taking on new advisors/teams.
I have about $20M. I'm also compliance officer and partner, so I earn well. For full time advisors, it depends on your required take home. I will say, our top earners take 85-90% of gross commissions. So, depending on your current compensation and size of your book, just do the math as to what you would need to continue (or improve) your way of life. Of course there's ancillary benefits too, but people with those differently. If you want to talk further, give me a call. I can tell you more about our packages, so you get an idea if what to expect if you went independent by yourself or with a firm. 877-220-0094
@Lincoln, the planning at insurance companies are designed to sell their products. I was a planner at MetLife, but when I went to make recommendations about something other than anything or life insurance, they silenced me. I know people at Lincoln who experience the same issues. Independent with planning specialists is the only way to go. Sadly, even UBS was disappointing in their planning capabilities.
I disagree Matthew King. Lincoln doesn’t require any proprietary production or insurance quotas at all. I think insurance is an important part of planning personally, but it is not pushed by the planning department. In the past, that was certainly more true, but most advisors at Lincoln are now AUM focused.
The comprehensive planning culture at Lincoln is unmatched in the industry. The expertise in Lincoln's back office is top notch. Sister company to Lincoln National Life, not owned by The insurance company. Important to me to have open architecture and zero requirement to sell Lincoln products. Can't see myself leaving to go to any other BD.
FSC Securities because they provide me everything I need to work with my clients the way I want. Good tech. Good support. Competitive payout. Big network of advisors across the country to explore successions. I think companies like Raymond James and Lincoln are pretty much the same so no reason to leave.
Matthew king. How much aum do you have and what do you think is enough to have for transition to RIA
*weigh
We operate as a hybrid Sigma Financial Corporation out of Ann Arbor. Highly recommend it.
United Planners - I am a partner with around $110MM AUM and $1.2MM in Revenues. We have an amazing form that walks the walk and delivers in every way to the advisors at our firm . I have been here nine years and still ticking. Very few complaints mostly positive experience across the board. I highly recommended our firm to anyone looking.