InsuranceBrah
Expert
- 40
So I'm not sure if i'm asking this in the right spot, but I'm sure others might be able to answer.
We all know that Securities and Insurance have a very close nit relationship. I don't like leaving money on the table when I close an Annuity and the client also wants 100k in bonds/ETF and All I can say is "go to vanguard".
Here's the thing. I'd like to break into securities. But it's not my main business, and I don't spend all my time going after acquiring Assets. But working in the final expense markets and dealing with retirement accounts does mean I have access to assets. Who knows the future of annuities in qualified money especially with the DOL coming through.
I thought about just going the series 65 route and finding a custodian. But that seems even harder if you don't have millions under management. From my understanding custodians want to see exponential growth. Again this isn't my main market. If I make enough to cover compliance costs with decent growth I'd be happy. Custodians, not so much.
So are there any Broker Dealers out there who will sponsor you for the 7/66 (I'll pay for it if I must) and offer a platform to work with where i don't have to worry about busting my ass and putting my insurance business on the back burner to cover. I don't need much support besides dealing with compliance issues, and Again when the time comes I'll just have to cover these costs out of pocket. Let me know If you guys have any suggestions.
We all know that Securities and Insurance have a very close nit relationship. I don't like leaving money on the table when I close an Annuity and the client also wants 100k in bonds/ETF and All I can say is "go to vanguard".
Here's the thing. I'd like to break into securities. But it's not my main business, and I don't spend all my time going after acquiring Assets. But working in the final expense markets and dealing with retirement accounts does mean I have access to assets. Who knows the future of annuities in qualified money especially with the DOL coming through.
I thought about just going the series 65 route and finding a custodian. But that seems even harder if you don't have millions under management. From my understanding custodians want to see exponential growth. Again this isn't my main market. If I make enough to cover compliance costs with decent growth I'd be happy. Custodians, not so much.
So are there any Broker Dealers out there who will sponsor you for the 7/66 (I'll pay for it if I must) and offer a platform to work with where i don't have to worry about busting my ass and putting my insurance business on the back burner to cover. I don't need much support besides dealing with compliance issues, and Again when the time comes I'll just have to cover these costs out of pocket. Let me know If you guys have any suggestions.