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 to day 1 of that calendar year. If you are at the lower payout and reach either of these levels before the end of the calendar year, you will be paid on all business at the higher rate retroactively for the entire year.
These payouts are the same for all products including variable product sales and advisory fees earned through Lombard Advisers.
Your total gross is defined by combining all securities sales charges, commissions, 12b1s, markups, insurance commissions through us, plus any investment advisory fees.
Any outside insurance business written through our subsidiary, Lombard Agency, Inc. will count toward your total gross commissions for percentage payout purposes.
For a full list of ticket charges, payouts, fees please download our one-page Lombard Summary Sheet.
CRD Authorization Form – Print and sign this form to authorize us to perform a regulatory background check.