Behind the Scenes with Rich Steinmeier and LPL's new EMPLOYEE MODEL

LPL Financial's launch of an independent employee advisor model has taken the financial services industry by storm. It is being recognized as both a true W-2 model and a business evolution for LPL through its strategic innovations in structured support and compensation. In this episode, Elite Consulting Partners CEO Frank LaRosa is joined by Rich Steinmeier, Divisional President - LPL Financial for a conversation that pulls back the curtain and gives information right from the source on:

1) why the new LPL independent employee model was created.
2) the economics behind the LPL independent employee advisor model's comp plan.
3) the specifics on the construct of the LPL independent employee model's advisor support programs.
4) how an advisor can evaluate whether the LPL independent employee advisor model is right for them.

Join Frank and Rich for this insightful dialog as they champion the cause of advisor freedom and discuss why it is important for firms to meet their advisors where they are at to make success possible.

[jamescollier]

Do yourself a roughly 50k favor, compare Vanguard to LPL on fees taken. That's a LOT of money that will keep getting taken out of your account. That's the gravy that grows. Disclaimer: I have no idea who this Rich Steinmeier is, but LPL is NOT where you want to put your money, unless you don't' care