GVA is proud to be part of LPL’s Advisor Institute which helps our teams bring on new advisors and limit the initial costs you may experience. Some of those items include an annual salary, affiliation fees, or training; they can add up!
By utilizing this program, you can help grow your practice and limit your financial exposure! The fee waiver program could end up saving you over $24,000. Please refer to the following helpful Advisor Institute guides:
- Enablement Resources
- Salary Assistance Loan Application
- Core Skills Program – Instructor-led sessions to upgrade prospecting and sales skills
- Core Skills Syllabus (18 weeks)
- Core Skills Assignments for Part 1: Prospect or Perish
In a Nutshell
Salary Assistance
- Up to $100K per associate advisor
- No prepayment penalties
- No interest for 12 months
Fee Waiver
- Fully licensed: SIE, S7 & S66
- LPL Advisor/Program commits to a $3M NNA target during a 12-month timeframe
- LPL will defer the fees for the new hire for one year
- If the Advisor achieves $3M NNA over the defined period of time, the fees will be waived
- If the NNA target is not achieved, fees will be prorated and the difference repaid
- Include master rep ids of other Advisors’ in the office we do not look at the commissions split or if you are on a joint
Core Skills
- Agreement: https://www.docusign.net/Member/PowerFormSigning.aspx?PowerFormId=7765260c-6a03-473c-95a4-6d4f97dbcb2a&env=na1&acct=d9dffeec-cbd0-4928-b286-d0a932eb7b20&v=2
- Price: $8500
- Meet twice a week via webex (90 minutes)
- 18 weeks
- Role Play
- Guest speakers (internally throughout LPL Organization and external partners)
- Virtual Symposium
- In-Person Conference the following year of program (Hotel, Registration, Breakfast & Lunch covered)
For more information contact the GVA Operations Team
