Looking for an Independent Broker / Dealer

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PostPosted: Wed Jul 25, 2007 4:15 am   Post subject: Looking for an Independent Broker / Dealer  

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.

Cool 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

LookingForHome
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Joined: 25 Jul 2007
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PostPosted: Tue Oct 09, 2007 10:00 pm   Post subject:   

There is a b/d that has min 5k production quota, I got a postcard from them on recruiting and it had on there a lady in her bathrobe, also part time in the ad.



Unfortunately I threw it away. But keep looking it's out there.


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PostPosted: Wed Oct 10, 2007 9:04 am   Post subject:   

See how the search button can be useful. I've got the following link which might be useful for your cause -> ampminsure.org/insuranceagents/about2644.html#7838

Patricia Gomes


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Patricia Gomes
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PostPosted: Wed Oct 10, 2007 9:17 am   Post subject:   

Hi yeah, this one is quite interesting n informative too.. ampminsure.org/insuranceagents/about2395.html#7819 ....

thanks,

Flickerin12


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PostPosted: Wed Dec 19, 2007 8:14 pm   Post subject: Are you looking for the right Broker Dealer?  

Call me today!



661-266-0909


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Dave R
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PostPosted: Sun Dec 23, 2007 7:39 am   Post subject:   

Hello Looking Guy,



I personally like the Allianz Life Insurance Company. Get your GA's position with them and start your own agency.



Mark



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Please feel free to go to my website at www.markcolbert.com or, if you have a specific question, you can email me directly. I hope I can answer any questions you might have. If not, I can certainly find an answer right away.
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InsInvestigator

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PostPosted: Thu Oct 08, 2009 9:07 pm   Post subject:   

I know this conversation was posted almost two years ago, but it always comes up when I query "Broker Dealer Low Production Requirements" so I wanted to add a note because I've finally found one. Foresters Equity Services has two contracts; one has annual production requirements at about $1,000 GDC and the other is around $10,000. They're also very insurance friendly. forestersequity .com or the recruiter's phone # is (800) 350-9885 x4854.


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SmallCat
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PostPosted: Thu Nov 12, 2009 3:15 am   Post subject:   

as a general rule, what can a broker expect to earn when starting out in the insurance field in the US? I take it there a base+commision package is the norm?



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heidrek
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PostPosted: Tue Aug 03, 2010 3:24 am   Post subject: no min reqmnt B/D  

well, my current B/D is making lots changes...and I've got2 move on. i need to join B/D that doesn't care about big production and has good operation.



Any one has suggestion, pl post it or email me at

whyzen777@gmail.com thanks


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Augi
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PostPosted: Tue Aug 03, 2010 5:48 am   Post subject:   

Well, then you need to mention what kinda changes they're making. See, if you can tell us your objectives in this regard too. Probably then, someone might come up with a good suggestion for you.

steven
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PostPosted: Wed Aug 04, 2010 2:34 pm   Post subject: B/D  

well...i need to change B/D and it Forester sounds

interesting...my core business is Life and i do VUL and VA

so...i need to have affiliation with BD and it wouldn't hurt

if BD has platform for MM mgmnt.

thanks


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augi
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PostPosted: Thu Aug 05, 2010 2:37 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.

BNTRS
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PostPosted: 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?


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Sherri
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PostPosted: Fri Dec 17, 2010 9:03 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


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Scott Helmbrecht
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PostPosted: Tue Feb 01, 2011 7:36 pm   Post subject:   

Called them... Foresters Equity's E&O is $435 this year for $1 mil and it covers outside insurance too.


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SmallCat
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