2.0
Jan 27, 2011
Current employee
Las Vegas, NV
Recommend
CEO approval
Business Outlook
Pros
It is fine if you want a place as an independent with comparable compensation with other independents.
Cons
Compliance is awful. I have been an advisor for 19 yrs, I have never received even one complaint. My production is in the 600K level, My business is almost exclusively wrap accts where i charge a max 1 percent per yr. Compliance badgers you over picayune stuff . They nickle and dime you on fees. You need a forensic accountant to analyze your production payout sheets. I have an MBA from a top 20 B- School and abhor having to deal with it. I feel like i was not being compensated for all of my wrap fees.