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I have now met with a couple of Financial planning outfits.
One is a broker dealer and the other one is a divisision of an insurance company.
The broker dealer has a lot more services. They are basically offering all of the fund families and have all kinds of analytical charting. With the broker dealer I would be partnering up with someone which has pros and cons. Pros is that he/she is seasoned and any type of paper work or administration would be handled. The con is I would make very little.
Now on the company that is not a broker deal. They would not have the type of tools or resources the broker dealer has. I could still partner up with a season 401k guy and my trail would be more than double. This company specializes in assets that are under $2 million.
So a couple of questions for you guys that are active in this field.
1. Is better to be with a broker dealer with a large amount of resources and make a hell of a lot less?
2. If I were to go with the higher comp could I build up my block and then go to a broker dealer and negotiate a better deal?
3. Is it better to go with a smaller outfit that is geared toward smaller assets?
4. If Group health insurance is my main focus how much time would the 401k aspect take a way from that?
Thanks
One is a broker dealer and the other one is a divisision of an insurance company.
The broker dealer has a lot more services. They are basically offering all of the fund families and have all kinds of analytical charting. With the broker dealer I would be partnering up with someone which has pros and cons. Pros is that he/she is seasoned and any type of paper work or administration would be handled. The con is I would make very little.
Now on the company that is not a broker deal. They would not have the type of tools or resources the broker dealer has. I could still partner up with a season 401k guy and my trail would be more than double. This company specializes in assets that are under $2 million.
So a couple of questions for you guys that are active in this field.
1. Is better to be with a broker dealer with a large amount of resources and make a hell of a lot less?
2. If I were to go with the higher comp could I build up my block and then go to a broker dealer and negotiate a better deal?
3. Is it better to go with a smaller outfit that is geared toward smaller assets?
4. If Group health insurance is my main focus how much time would the 401k aspect take a way from that?
Thanks