Program Options - IPI in San Antonio Texas
When it comes to financial consultant status vis-à-vis your institution, IPI offers maximum flexibility for structuring your program. All three structure options are equally supported by IPI and focused on driving increases in non-interest income to your bottom line. We look forward to explaining the relative benefits of each structure and discussing which one makes the most sense for your institution.
In a managed program the financial consultant is IPI’s employee. IPI pays compensation and benefits (except for the first 3-6 months when we may ask you to participate in the financial consultant’s draw). A managed program can be co-branded and seamlessly integrated with other service line offerings.
In a dual program the financial consultant is jointly employed by your institution and IPI. You pay compensation and benefits; IPI assumes the liability associated with licensing.
In a platform program one or more of your customer service representatives obtain limited licenses to sell products like life insurance and annuities. This is also referred to as a licensed bank employee (LBE) program. It typically does not generate as much production as other program structures with a financial consultant who dedicates 100% of his or her time to selling investment services.