by LookingForHome » Wed Jul 25, 2007 04:15 am
I have spent most of this year looking for a Broker/Dealer to transfer to. I have an approximately 10 yrs. experience in the Insurance & Securities Industry; and have not really thought about going some place else. However, changes in my current B/D and the industry made me look intensively into my career.
This community seems to be a good place to network and find the right B/D. So if anyone has any information on the criteria that I'm looking for, would you please be so kind to respond?
What I'm looking for are:
1) Multi-tier compensation system.
2) Full array of products (from Insurance product: Term, UL, VUL, EIUL to Mutual Funds, VA...)
3) Ability to sponsor RIAs
4) Inexpensive E&O (abt or lower $100)
5) Great website and software (at no or minimum cost to agent)
6) Ability to pay advances, with no maximum limits, based upon target amount.
7) Commissions paid directly by home office not by the product provider.
8) Very low (abt 5K) minimum production requirements, so new downlines can work themselves up at their own pace.
9) Great back office support.
It has been very difficult for me to find that B/D with all the requirements above. Or perhaps, I just have not looked nor networked with the right group like this community. There's got to be a few out there with the criteria above.
Does anyone have any suggestions? Thank you for viewing this thread. I'm just kinda desperate and have spent a lot of time searching.
Desperately yours,
Looking For Home
This community seems to be a good place to network and find the right B/D. So if anyone has any information on the criteria that I'm looking for, would you please be so kind to respond?
What I'm looking for are:
1) Multi-tier compensation system.
2) Full array of products (from Insurance product: Term, UL, VUL, EIUL to Mutual Funds, VA...)
3) Ability to sponsor RIAs
4) Inexpensive E&O (abt or lower $100)
5) Great website and software (at no or minimum cost to agent)
6) Ability to pay advances, with no maximum limits, based upon target amount.
7) Commissions paid directly by home office not by the product provider.
8) Very low (abt 5K) minimum production requirements, so new downlines can work themselves up at their own pace.
9) Great back office support.
It has been very difficult for me to find that B/D with all the requirements above. Or perhaps, I just have not looked nor networked with the right group like this community. There's got to be a few out there with the criteria above.
Does anyone have any suggestions? Thank you for viewing this thread. I'm just kinda desperate and have spent a lot of time searching.
Desperately yours,
Looking For Home
Posted: Thu Aug 05, 2010 02:37 am Post Subject:
Linsco Private Ledger (aka LPL), but NB: if you are truly going it alone, I'm told you now in most cases need some serious GDC for them to take you on. Alternatively, you could find the local agency that uses LPL and join them.
Posted: Fri Nov 19, 2010 12:47 am Post Subject: B/D
Is Foresters Equity still a good choice for a B/D with a low production requirement? Anybody know what their E&O fees are?
Posted: Fri Dec 17, 2010 09:03 pm Post Subject: Foresters Equity Services
Just call them.. Their Mrkting Director will tell you everything you want to know. Foresters Specializes in Insurance Orientated Producers who have Securities licenses who aren't actively recruiting new Securities Clients (ie. Lower production requirements).. I send my new Agents over there so they can "do what they want" on the securities side and write their Fixed Annuity Business Thru me to get my Bonus program to pay for their marketing.. It's a win-win-win for all three parties. If interested give me a call.
Scott Helmbrecht
Schaefer Financial Group
877-257-8246
Posted: Tue Feb 01, 2011 07:36 pm Post Subject:
Called them... Foresters Equity's E&O is $435 this year for $1 mil and it covers outside insurance too.
Posted: Tue Feb 08, 2011 06:55 pm Post Subject: Foresters Equity...any alternative?
Even Foresters have decided to change recruitment criteria. I was off equity production for last 2 yrs....so I called them to see if they will become my BD..no chance..they now want 1099 prod from previous yr
any idea which will be a low cost BD who will let brokers hang lic with min prod? thnx
Posted: Tue Mar 01, 2011 09:02 pm Post Subject: Insurance Professionals
Platinum Marketing Innovations Incorporated is a full service marketing company with a proven track record of success. We pride ourselves on providing the highest level of quality services to our clients and offering unparallel achievement based opportunities for our professionals. Currently, we are looking active insurance agents who are highly motivated and experienced in offering life insurance products.
Our insurance professionals must have the following qualifications.
• Experienced in selling Life (not Property/Casualty) insurance products.
• Highly self-motivated.
• Professional and ethical.
• Licensed or able to obtain licensure in NC, FL, TN, VA, SC or GA.
The right individuals have the potential to earn 86K full-time or 43K part-time annually. The company provides a full range of support to help you maximize your efforts; including company provided training, direct mailing leads, phone support and dedicated customer service. We also provide achievement-based cash bonuses and company matched retirement plans. There are three levels of entry provided, which allow you to choose your earning rate.
Look at Our Direct Marketing Program.
Level 1: All leads are provided. Earnings are at 70% commission rate. Min. production $5K Monthly
Level 2: $260 leads for 1000 Direct Mailers. Earnings are at 85% commission rate. Min. production $4K Monthly
Level 3: $355 leads for 1000 Direct Mailers. Earnings are at 110% commission rate.
Which Program is right for you?
If you are ready to take control of your present and secure your future, answer the following questions to give us some background about you.
1. Are you licensed to sell Life insurance? If so, what state(s).
2. If you were aware of a colleague, who misled or misinformed a potential client in order to gain their business, what steps would you take and with whom to address the situation in a way that does not harm the image of the company and maintains the client as a customer?
3. If you are experiencing a slow period and not fulfilling your quota what additional things (beyond your normal activities) would you do to increase production?
Please provide the following information so we can contact you.
Name
Daytime Phone
Evening Phone
Email Address
Thank you for your interest in this opportunity. If you have further questions or would like additional information please contact us at:
Platinum Marketing Innovations, Inc.
DBA/ Benefit Service Center
PO Box 13608
Greensboro, North Carolina 27415-3608
Or contact the Agency Services department at (800)617-7448 Ext. 2.
Posted: Thu Jun 09, 2011 06:17 am Post Subject:
world financial group has the highest paid out contracts and is 600 billion in assets. so its a no brainer and they use everybody and anybody and is partnering up with transamerica
Posted: Thu Jun 09, 2011 06:18 am Post Subject:
world financial group has the highest paid out contracts and is 600 billion in assets. so its a no brainer and they use everybody and anybody and is partnering up with transamerica
Posted: Thu Jun 09, 2011 06:18 am Post Subject:
world financial group has the highest paid out contracts and is 600 billion in assets. so its a no brainer and they use everybody and anybody and is partnering up with transamerica
Posted: Fri Jul 15, 2011 08:58 am Post Subject: NyuQhDWYJcssG
I was looking everywhere and this poeppd up like nothing!
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