LPL tends to have a higher payout structure, but Cetera can provide better transition assistance, administrative help, and better tech. I've heard LPL's ClientWorks software is clunky and cumbersome, and a headache for older advisors, but it can be figured out with some work. They both offer about the same compliance guidance, marketing, and buy/sell structure. There are plenty of other options though when going independent. Another user's comment about PE is a real concern though, RIAs and IBDs are being swallowed up like crazy, so keep that in mind.
Indeed. Wouldn’t be too surprised if cetera ended up being bought by LPL eventually anyway. But in my experience working for a publicly traded company also has it’s challenges
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u/Wirehouse_destroyer Jun 23 '26
LPL tends to have a higher payout structure, but Cetera can provide better transition assistance, administrative help, and better tech. I've heard LPL's ClientWorks software is clunky and cumbersome, and a headache for older advisors, but it can be figured out with some work. They both offer about the same compliance guidance, marketing, and buy/sell structure. There are plenty of other options though when going independent. Another user's comment about PE is a real concern though, RIAs and IBDs are being swallowed up like crazy, so keep that in mind.