Benefits of IndependenceTop 7 Myths of IndependenceWhat Advisors Are SayingIndependent and Insurance AdvisorsWirehouse Advisors

WIREHOUSE REVIEWS

1. “Moving my business to LPL Financial was the biggest and the best decision I have made during my tenure in the investment business. Over the previous 16 years, I worked for a major wirehouse firm and two regional firms. 

I left my last employer because I wanted to better serve my clients and to build a book of business that I could sell some day. I wanted to work with an independent broker/dealer; LPL Financial is the largest and soundest firm in the industry. I can now offer a broader and more diverse universe of products and services to better serve my clients. They have been true to their statement when they interviewed me almost four years ago, “You are the LPL Financial customer; your clients are your clients, not ours.”  Now that’s a refreshing view in this industry!

It is an important decision and often a turning point to run your own business; if you set your mind to it, it is the most rewarding thing an advisor can do, financially and personally. My payouts are much larger and my tax write offs are much better. I manage my own time; I work hard so that my income is steady and growing but flexibility is my decision. My clients are thrilled with the product offerings, the planning and the improved service levels I can now provide them. LPL Financial offers the kind of “partnership” a business owner like myself needs in this demanding industry.”

- Christine Tarr

2. “As an employee of a wirehouse, I was required to work 50- to 60-hour weeks just to put food on the table. The payout structure was so limited that even when I would bring significant assets in, my payout was discouraging.

The wirehouse that I was employed by would try to discourage me from making a move to true independence by telling me that the level of support in the independent world would be greatly reduced. They would also claim that my expense levels would rise so dramatically that my profitability would be reduced. I have found that life with LPL Financial has been just the opposite of that portrayal. And with my dramatic increase in income (my income has quadrupled), the expenses have become insignificant.

To anyone out there that might be hesitating about making the move from your current world to the independent life at LPL Financial, jump at the opportunity and never look back. My life at LPL Financial is far superior to the treadmill life I had before at my wirehouse employer. This is the best career move that I have ever made!”

- Jim Rigtrup

3. “I had looked at LPL Financial for a long time and wish I would have come sooner rather than taking an upfront check to go to another wirehouse. I had such high expectations because every LPL Financial advisor I spoke to before joining gave rave reviews. All my expectations were exceeded. And, because I'm an independent contractor at LPL Financial, I have contributed over 100k to my 401(k) profit sharing plan over last two years. If I was still at the wirehouse, I could only contribute 30k.”

- Bill Duggins

(wirehouse reviews continued...)

 

INDEPENDENT/INSURANCE REVIEWS

1. “LPL Financial is providing our advisory team the broker/dealer platform we need to build Louisville's premier financial planning and wealth management firm. We should have joined LPL Financial two years ago when we first had the chance. Best in the business.”

- Rob Davenport, CFP, CLTC

2. “Our group joined LPL Financial because of the independent model, open architecture and comprehensive technology platform. We were especially impressed with the company's singular business model of supporting independent financial advisors.

Since joining LPL Financial, our branch and individual advisors have grown their practices at a rate beyond our expectations. All the reasons we joined LPL Financial are still valid today. The reputation of LPL Financial within the broker/dealer community has greatly aided our development as a branch. The strong advisory fee-based platforms have helped our group make a transition from commission-based practices to more blended practices. We are excited about the growth plan within our branch and the expansion taking place at LPL Financial.”

- G.E. Buenning

3. “I'm wishing I would have made the move to LPL Financial sooner. Even though I have 10% less in assets after my transition, I'm making more money.”

- Karl Dimler

4. “I have almost tripled my business since coming to LPL Financial. The support and technology provided by LPL Financial has been priceless.”

- James Buley

(independent/insurance reviews continued...)