Fee Base, Commissions, Managed Portfolio

or Register to post new content in the forum

 

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Jan 30, 2006 8:34 am

Just passed the 66 and am looking to provide fee base business to clients who would benefit.



What is the Rule of Thumb for Fee Base business? Who would benefit and when should it be offered? How is this better than commission? When would one offer Managed Accounts? I am trying to get my arms around this. Thought there might be a Rule of Thumb.....



pjrrider

Jan 30, 2006 8:46 am
pjrrider:

Just passed the 66 and am looking to provide fee base business to clients who would benefit.

What is the Rule of Thumb for Fee Base business? Who would benefit and when should it be offered? How is this better than commission? When would one offer Managed Accounts? I am trying to get my arms around this. Thought there might be a Rule of Thumb.....

pjrrider



It's great for the chump who falls for the "this puts us both on the same side of the table" line.

Jan 30, 2006 9:25 am
pjrrider:

Just passed the 66 and am looking to provide fee base business to clients who would benefit.

What is the Rule of Thumb for Fee Base business? Who would benefit and when should it be offered? How is this better than commission? When would one offer Managed Accounts? I am trying to get my arms around this. Thought there might be a Rule of Thumb.....

pjrrider


Many Clients Prefer A Fee Based Account Because They Don't Like To Purchase Investments With A High Up Front Cost, Or A Long Surrendur Charge Schedule.


Too, Being Compensated By Fees Tends To Mitigate Some Conflicts Of Interest.


Many Advisors Also Like to Be Compensated This Way Because It Results In More Consistent Income.  And, As Their Clients' Accounts Grow, Their Income Grows Too!


This Type Of Pricing Tends To Appeal To More Sophisticated Clients.  So, You Might Want To Learn The Grammatical Rules As To Which Words Should Be Capitalized So When You Write Them Letters You Don't Look Like An Uneducated Idiot.

Jan 30, 2006 7:33 pm

[quote=pjrrider] Thought there might be a Rule of Thumb.....pjrrider[/

QUOTE]

Never deal with someone who has les money than you!

Jan 30, 2006 11:01 pm

Pass as you go.  Managed Money is good for everyone, except the do-it-yourselfers.