2. Parsonex¶

title: Comparsion to Parsonex description: [AFW T.2.2] published: true date: 2026-06-30T08:12:28.043Z tags: editor: markdown dateCreated: 2022-04-03T23:10:09.673Z

Topic	Px BD	IP
Leadership	?!?	Stable, doesn’t change focus on company on a whim. IP’s management is Advisor-friendly and puts us before the corporation.
Monthly Fees	$470. If you are FINRA branch it costs $125 per month.	$140. IP doesn’t include DocuSign but LaserApp is free (after submitting 10 apps), but both and many other services are available at a discount. DocuSign is $300 per year. IP's FINRA branch fee is $200 per year.
Commissions	35% - 70% (79% with bonus). Levels require re-qualification, and bonuses above 70% must be qualified for and only exist until the end of the current year. Px Advisory pays-out monthly, but it's a trick. See, Px gets their quarterly fee, but then doles-out ⅓ of the fee for three months, meaninig they hold on to the advisor's commission for 2 and 1 month before they pay it out.	45% - 75%. IP has no re-qualification, no B.S. “bonuses” - the contract you have is the one you have (until you earn the next level up). IP's fee-based platforms actually pay-out monthly, on the 15^th. Meaning, every months they calculate the fees based upon the AUM of client's account and pay the fees.
Securities	25+ mutual funds families <10 variable annuities very limited fee-based	Every mutual fund, variable annuity, fixed annuity, very, very robust fee-based platform.
Advisory	Very limited. Can’t do individual funds. No high-net worth “Family Office”. Advisor can’t set their own fees. Px charges extra 0.25% to the client.	,Can do thousands of investments, create your own portfolios, hedges, structured notes etc. Set your own fee schedule (0.1% - 3%) and your own breakpoints. IP does NOT add an extra fees. Relationships with banks, CPA firms etc. Much, much more.
Term Life	No carrier, you’re on your own	Every life insurance carrier imaginable.
Other products	2 living trust providers	comprehensive tax planning departments etc mortgages.
Business cards	You must the company provided design and printer.	use any printing service of your choice.
Software options	RightCapital, RedTail	Use any software you like (with approval)
Recruiting	You must produce $100k+ in order to recruit and override. If someone is transferred to you, but the original upline produces $100k then you lose that person. No certainty this one change at any moment… No overrides on fee-based.	“Normal” recruiting - just what you would expect. Hire whom you want, and your override is the difference between your level and their. Management won’t steal your team from you.
Firm Element	$204 per year ($17 monthly). Conducted online “live” and only two times are available.	$50 per year. Hosted online and you have two months to complete it at your leisure. Includes industry required 529 Plans certification.
Outside Brokerage Accounts	Not allowed, except for grandfathered reps	Yes, just needs to be disclosed.
Securities client application	LaserApp & Docusign cumbersome process (and costly) of LA-to-docusign, sign, download, upload to trade blotter, wait, upload to fund family, back to trade blotter.	Direct in DocuSign, client signs. DONE. IP does the rest! (video).
Secure Messaging	Has secure email by inserting [secure] in subject line, but doesn't work with all email providers.	Uses Deliveryslip by Zix allowing us to send secure messages, docusments and signature within IP. Work within gmail.
Meetings	Tuesday live webinar, Saturday training class, annual in-person event, other “home office” in-person events	We have a weekly email training newsletter. AdvisorFirst Daily postings (twitter, Signal, Telegram) and a Wiki. Only two or three live webinar per month (with an agenda), the rest are recorded. No Saturday Training Class. No rah-rah events, etc. But if you need help we’re a phone call, email, chat message or video call away; otherwise we leave you alone.