| 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 15th. 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. |