Investment Management Programs

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Aug 10, 2009 2:15 pm

Anyone out there having success with investment programs they use?  I've been using one through that has been very productive for me and my clients over the past 5 years and navigated the recent market turmoil very well.  This is a great time to separate yourselves from everyone else if you've got the right tools!!

Aug 10, 2009 2:18 pm
cjsrq:

Anyone out there having success with investment programs they use?  I've been using one through "Edgetech Analytics" that has been very productive for me and my clients over the past 5 years and navigated the recent market turmoil very well.  Began in Feb. 04 and today those clients are still up over 50%!  Last year they were down 16% (avg.) and this year up 7%-10% ytd (avg).  Great stuff!!  This is the time to separate yourselves from everyone else if you've got the right tools!!

 
Beat it, piker.
Aug 10, 2009 2:24 pm

Seriously, you should be fired because you are a terrible wholesaler.. Go buy someone lunch.

Aug 10, 2009 2:31 pm

Wow! What a hostile reponse!! All I was asking was to find out what people were using and how they were doing and I gave out some performance numbers as a reference point.  I'm a seasoned advisor who works for an independent and has been in the business since 1991.  Rest assured, I am not a wholesaler nor ever care to be one!  Please tell me there are more quality people on this forum than the previous two idiots!

Aug 10, 2009 2:41 pm

Liar. Go get a decent website.

Aug 10, 2009 2:42 pm

Nope.. a couple questions from the idiots if you don't mind then:



Why throw out the reco, with numbers.. Why not just say, i am using "ABC great returns" anyone else(judging by there website the answer is no).



Second, why do they use mutual funds in a dynamic allocation? That seems odd to me, why would the client want to incur more expenses, wouldn't etfs be better(more transparent, less cost).



Why is no one else using this, they have advisor in maybe 5 states..



(Yeah I had some bad lunch and had some free time)

Aug 10, 2009 2:55 pm

Tough crowd, Chris.  Problem is, most times when someone comes on here commending a particular product or service "they use", it's usually a salesperson posing as an advisor.


Anyway, I think there are some people on here using Dorsey Wright and a few others.  I know of one that uses DW, and he has been very pleased.  The program you use looks similar to DW (from what little I know about both).


How does it work practically speaking?  IOW, are you constantly moving in and out of positions, or are we talking more macro, secular moves?
Aug 10, 2009 4:16 pm

B24,


While I've obviously heard of Dorsey Wright I really have never used them.  I saw a tutorial once and it seemed complicated and more directed to stocks (I'm not a big stock guy).  I agree with you that it is pretty good because the guy I knew had good luck with it but not sure how he's done recently.
 
As for the program I use.  It is more secular.  The website explains it very well.   We also can use etf's as well but the ticket charges can get expensive.  That is one of the reasons why "ntf" mutual funds are used.
 
To follow up on the other poster's question about so few people using them...there are approximately 28 advisors using it and the max will be capped (I think 40).  That being said one of those people could be a small office which may consist of a few advisors (bringing the overall actual total to more than 40). This is for a number of reasons  (ie. the founder doesn't want this to maintain exclusivity to those who use it, sensitivity of inflows/outflows to mutual funds, etc.). 
 
BTW, I updated the original post so as not to look like a wholesaler!  I only put in the numbers because they're respectible and I wanted to use them as a kind of benchmark for other member's suggestions.
 
Aug 10, 2009 4:31 pm

That is much better.. that invites questions without looking salesy...



PS might want to get rid of your profile..

Aug 10, 2009 4:37 pm
Squash1:

Seriously, you should be fired because you are a terrible wholesaler.. Go buy someone lunch.

 
That was awesome,
Aug 10, 2009 4:50 pm

How much do you pay for EdgeTech?  I assume it's a % of assets?  And then what do you charge the client overall?

Aug 10, 2009 6:22 pm

The fees start at 60bps but drop to 45bps I believe (based on asset size).  I charge 2% on accounts under $500k then drop the fee to 1% or less depending on account size.

Aug 10, 2009 6:23 pm

Advice taken. Thanks.