How is Lombard different from other firms?
Do business your own way and at your own pace. We have a very low minimum production requirement (50,000 annually) although we do have a simple payout grid and give higher payouts for larger annual production. We feel that as an affiliated representative of Lombard, you own your own business, therefore you should run it… Read more »
Who is Lombard Securities?
Lombard is a full-service brokerage firm, which deals in most types of retail securities, and also owns and operates an SEC Registered Investment Advisor and a full-service Insurance Agency. The firm is a closely held corporation founded in 1990. The firm currently employs about 70 registered personnel, 50 branch locations, and full-time support and supervisory… Read more »
What types of products and services do you offer to your brokerage customers?
We offer stocks, ETFs, CDs, mortgage backed securities, government, corporate, and municipal bonds, mutual funds, 529 plans, and options. We also offer a broad list of variable insurance products from the nation’s major insurance carriers. Traditional brokerage services offered through our clearing firm include, most types of retirement account and qualified plans, account check writing,… Read more »
What can you tell me about your advisory platform?
Lombard Advisers is an SEC-registered RIA (please see form ADV Part II) and a wholly-owned subsidiary of Lombard Securities. We offer self-managed advisory plans for your clients as well as outside asset management, and asset allocation models to assist you in securities selection. The firm also owns a proprietary longer-term market timing model which advised… Read more »
What can you tell me about your platform for me and my clients?
Smartstation is a turnkey, single sign-on advisor and backoffice workstation. The system is designed to help advisors manage real-time client data, account performance, trading tools, portfolio reporting, contact management and much more. Under one login, the system employes dozens of integrated modules which are easy to find and open in a browser like format utilizing… Read more »
How do you handle the sale of insurance products?
We offer VA sales directly through Lombard Agency, a subsidiary of Lombard Securities. For outside insurance products, Lombard offers several options: You can sell insurance as an approved OBA You can sell fixed insurance products through our affiliate Lombard Agency and be paid directly by us. You use one of our insurance partners – independent… Read more »
What are your commission payout and ticket charges?
Lombard pays the following percentages to RRs after ticket charges: (Payouts are based on calendar year production) Under $50,000 – up to 70% Between $50,000 and $150,000 gross: 80% Above $150,000 – Neg. *Special Payout of 90% on all business done above 300,000 during each calendar year. *The 80% and 85% payout rates are retroactive… Read more »
What are your fees charged to independent representatives?
Annual Fees: Registration Fees and Continuing ED FINRA Annual Registration Fees and Branch office fee. State Registration Fees: Vary depending on each annual state fee: Firm Element Continuing Education- $25 per year through an online vendor Regulatory Element Continuing Education – $56.00 every three years Monthly Fees: Combined Fee – $205.00 per month; includes E&O,… Read more »