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Discussion Posts

    • B/D - Independent RIA Model

      • Posted by Anon1234
      • on June 27, 2008 1:56 PM EDT
      Does anyone know a B/D that will let you run advisory fees through an independent RIA and not take a haircut from the fee?

      Example:
      Independent RIA Advisor charges a fee to a client for financial planning (fee goes to RIA - no haircut is taken by B/D)

      Then Independent RIA Adivisor recommends invesment platform (Brinker, Lockwood, AssetMark, take your pick) charges an advisory fee (1% of assets) (Fee goes to RIA - no haircut is taken).

      Then Independent RIA Advisor sells variable annuity to client & Variable Life Insurance (Product goes through B/D channel on normal grid).

      Anyone know of a platform that will allow something like this?

      Thanks
       
       
    • Re: B/D - Independent RIA Model
      • Posted by Arturo Neto
      • on June 30, 2008 3:13 PM EDT
      • Edited on June 30, 2008 3:14 PM EDT
      I just read an article that LPL financial is doing this. Check them out!!!

      Arturo Neto
      Neto Financial Group
      www.netofinancial.com
       
    • Re: B/D - Independent RIA Model
      • Posted by TAK
      • on July 1, 2008 10:36 AM EDT
      Omnivest, Inc. in Denver Colorado - I am set up for that platform and do pay a modest quarterly fee to be set up that way.