Financial Advisors

With LPL paying 50 bps to come on board and places like Ameriprise paying up to 300 bps (are you kidding?).... how does a wirehouse or regional advisor adequately assess pros/cons in making the move?

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LPL has upgraded technology a ton the past two years and you would get a 90% payout I'm sure.

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What I want is independence and truly have my back office (think Merrill, Morgan Stanley, Edward Jones) get out of my way. Processes and CYA type documentation is getting under my skin and making the business harder...not easier. Also concerned that after SEC changes come down (this summer), most B/Ds will roll back in some of their DOL/fiduciary requirements. Bottom line is I feel tied to the desk and my grid/payout comp plan combined with limited options for my clients is making me stressed. I want a seamless transition but realize this can’t go down perfectly without some pushback and a fight to keep clients back at the B/D. Thinking LPL and Raymond James. Any advice out there to help clear up my options? $250mil AUM and just wanting to do what’s right for my family and clients

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Give Cadaret Grant a call. Small, personal ad up to 90% payout

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Have you considered going RIA and opening your own shop? Or joining one? At that level of assets you’ll have plenty of options to cover back office/compliance very affordably. Happy to talk more if you’re interested, email me. millsapsdrew@gmail.com

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Awaiting this Wells Fargo pilot of an ria. Could be the best of both worlds that a high level advisor is looking for. Fingers crossed!

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Very very Familiar with WFA pilots especially RIA in first clearing and FINet and PCG Trf process .... intimately familiar

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