Average Gross Production

or Register to post new content in the forum

31 RepliesJump to last post

 

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.
May 26, 2006 4:00 pm

Where could I find the average gross production and payout numbers for advisors who work in wirehouses, banks, and independents?


scrim

May 26, 2006 5:20 pm

Uh, like www.registeredrep.com; Special Reports...Compensation Reports

May 26, 2006 10:15 pm

Scrim67- Average production numbers are pretty useless in and of themselves...

May 26, 2006 10:18 pm
noggin:

Scrim67- Average production numbers are pretty useless in and of themselves...



That's true for a variety of reasons.


The only one that's important to me is mine.

May 27, 2006 6:13 pm

how about a set amount of money lets say 50 million in assets
how much would a wirehouse, indy, and bank make each with that much under their belt?

May 27, 2006 8:27 pm

Edward Jones has the highest producing brokers.

May 27, 2006 9:40 pm
Starka:
noggin:

Scrim67- Average production numbers are pretty useless in and of themselves...



That's true for a variety of reasons.


The only one that's important to me is mine.



I knew we would agree on something sometime. I hope you are well.

May 28, 2006 9:14 am
Incredble Hulk:

Edward Jones has the highest producing brokers.

Producing what?

May 28, 2006 9:39 am

Producing the most mutual fund to mutual fund swaps, i.e., non-preferred

to preferred. Bet there aren't too many Pimco Bond Funds on the books at

Jones.

May 28, 2006 1:08 pm

Pimco Bond funds rule.

May 30, 2006 10:50 am

"Edward Jones has the highest producing brokers"


IH- you are a hack and your ignorance amuses everyone on this board... I look forward to reading your posts so that I can laugh a little while sipping my morning coffee... You will wake up 18 months from now and realize that you've choked on all the crap they've fed you....  Then you will posting a "Just left the business and going back to get MBA- whats a good school?" post...    

May 30, 2006 5:13 pm

They have the best payout.  Look it up on Registered Rep Magazine.


May 30, 2006 6:23 pm

Your short reply suggests that either you are busy flipping American Income Fund into Franklin Income... or that your intelligence level is on par with a brainwashed monkey with about 6 months industry experience and about 400K in AUM..... HMMMMMMMMMM.....

May 30, 2006 9:22 pm

6 months industry experience and about 400K AUM is HUGE!   I AM NOT FLIPPING FUNDS.  We hold funds for our clients much longer than the average investment advisor.

May 30, 2006 10:19 pm
Incredble Hulk:

6 months industry experience and about 400K AUM is HUGE!   I AM NOT FLIPPING FUNDS.  We hold funds for our clients much longer than the average investment advisor.

Un-Credible Hulkster: You using the "liquidate and transfer" form yet? Makes the other firms APPEAR to be selling funds quicker than average. What is the avge. holding period @ jones/other firms anyway?

May 30, 2006 10:41 pm

Jones is a long time.  A good four years or longer.  Much longer than the national average.

May 31, 2006 11:36 pm

Hulk hate to burst your bubble, but the top-producers are at ML,

The guys at the wirehouses typically produce the most, next would be
the regionals ex. AG Edwards, then independents of course. Jones is
none of these. Reason being that this is true to my best understanding
and I'm not in the business yet, (still in business school) and guys
correct me if I'm wrong but, the people with the serious money that
every FA wants to get, wants a firm that has a big time name and rep.
not some bargain broker that every tom, dick and harry can go too, b/c
everyone is a little pretentious especially the ultra high net worth,
also they want to have the options that some firms ex. Jones does not
allow its brokers to use. These are things that I have noticed on my
own, b/c someone in my family is with Jones, and I'll leave it at that.
Anyway back to the original topic, it's extremely hard to produce lots
of money with the avg client account around 60K, see what I mean. Thats
why all the bigger firms and moving more towards the high-net worth
sector, catch my drift, just my 2 cents, but I might be wrong, I'm
still in school.

Jun 1, 2006 12:02 am

rook4123,


   Sorry to correct you, but on the AVERAGE of all brokers per firm, independents gross substantially less than the average Edward Jones rep.  Example: average Gross at Raymond James and LPL is less than 200k.  You unfortunately don't have a clue.  Jones not a wirehouse?  wow, haven't heard that one before.  Maybe you should continue going to class before you pop off again.

Jun 1, 2006 12:05 am

Like you have any room to talk, oh clueless Kool-Aid Chugger.

Jun 1, 2006 12:24 am

I can't believe people are responding to this guy.  Here is a hint (or should I say hnt), spell check.