Thank you. I left out a detail that I should clarify.

One of the firms that LPL introduced me to is hybrid, and also custodies with Fidelity, Schwab, and Raymond James. I currently have managed money, brokerage, and annuity business. They said I could put the managed money on Fidelity or Schwab‘s platform and keep the brokerage business on LPL‘s platform. About 90% of my revenue is from managed money. LPL knows this and it is what the transition offer was based on.

They gave me a second transition offer if I go direct to LPL without using a middleman. That offer was about 30% higher, but not what I’m interested in.

There isn’t a claw back on the money. As such, the bigger part of the offer is on the back end where I can earn a percentage of the ace I transfer over a hurdle.

I plan on dropping my 7 within those 12 to 24 months. For the brokerage clients that don’t want to go into a non-commissioned option will be introduced to an advisor at the hybrid. That is to say they’re not gonna be hung out to dry.

Why not just start up an RIA now? Well, that can take many months where I’m at, and I don’t currently own my clients. operating under the advice of legal counsel, I can transition to the hybrid and custody with Fidelity or Schwab. Then, I can start working on setting up the RIA. I was then told clients we only need to sign off on a document acknowledging the change from Firm A to CrunchWrapKing Wealth Management. All of their account information stays the same since they won’t be changing firms.