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Nov 13, 2008 12:31 am

I was trying to say that I’m still a newbie, or really not even a newbie yet and wanted Ice to explain his comment because I didn’t understand it.  

Nov 13, 2008 12:47 am

GG,
I get it.  Sometimes it gets lost in translation.  I need to read slower.  Thanks.

Nov 13, 2008 12:48 am
http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20071217/CHART/312170009/1090/databook
Nov 13, 2008 2:58 am

http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20070212/FREE/70212007/1077/TOC&ht=wrap%20accounts%20wrap%20accounts%20wrap%20accounts

Same magazine.  It says Ameriprise is largest in wraps…Seperate accounts are not wrap accounts.  No judgement on the merits just a confirmation of Ice’s post.

Nov 13, 2008 3:44 am

So do FA’s using separate accounts earn less on those than wrap accounts?  Is there data out there that shows Wrap accounts perform only as good (or possibly worse) than separate accounts?   Could someone give a clear, lay person definition of each?  I greatly appreciate everyone’s input.
Thanks!

Nov 13, 2008 5:14 pm

Thanks, great info and much appreciated.
 In my licensing class for insurance this week and man is it boring. 

Nov 14, 2008 2:34 am

Do you mind me asking how you got the deal you did?  Are you a transplant from H&R Block, or part of their Career Changer program, or is that how they have structured the entire new hire program?

  I only ask because I came through the P1 platform a few years ago and that is NOTHING like what we started out as, compensation wise.
Nov 14, 2008 4:56 am

This is their new Career Changer program.  I understand they are just rolling it out and it sounds like I’ll be one of the first on it.  Compared to many other firms I’ve looked into, it seems like a pretty good deal. I’m sure there are others better, but I really can’t complain.