Newbie with some questions

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May 12, 2008 9:02 pm

Hello all, I recently had an interview with EJ and go in for my 'information session' with the FA on Friday.

 
I have read around on here for a few days and I'm pretty new to everything. I see people tossing around "production" quotes and then asset quotes. Is Production the amount of new accounts you add or is it the amount of commissions/fees you recieved from accounts for the year?
 
Also why when I see people quote total account assets do I see some people put 5mm or 5mn..just typos or do they mean different things? Obviously 1 m is for million, whats the other for! lol, sorry to be such a newb.
 
TIA
 
~Malcolm
May 12, 2008 9:05 pm
hawse771:

Hello all, I recently had an interview with EJ and go in for my 'information session' with the FA on Friday.

 
I have read around on here for a few days and I'm pretty new to everything. I see people tossing around "production" quotes and then asset quotes. Is Production the amount of new accounts (no) you add or is it the amount of commissions/fees you recieved from accounts for the year? (yes)
 
Also why when I see people quote total account assets do I see some people put 5mm or 5mn..just typos or do they mean different things? Obviously 1 m(1m is 1,000 - 1mm is 1,000,000) is for million, whats the other for! lol, sorry to be such a newb.
 
TIA
 
~Malcolm
May 12, 2008 9:14 pm

The Roman numeral for 1000 is M and was once commonly used as such. So traditionally, MM is used for million. It is something that is seen less and less today.

May 13, 2008 1:10 am

thanks for the quick responses!