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Jan 29, 2007 4:40 pm

Book hit 20M today.


I almost started from scratch around 30 months ago.


Ok enough celebrating, back to work and reaching 30M.


scrim


Jan 29, 2007 4:57 pm

congrats. i have always believed that is the first level of critical mass. even your bad months should be livable. once again, well done.

Jan 29, 2007 7:53 pm

Congratulations, scrim!


Jan 29, 2007 8:19 pm

Congrats scrim.  Any tips for the rest of us getting started?

Jan 29, 2007 8:49 pm

Just be true to yourself and persevere!

Jan 29, 2007 11:08 pm

  Good work.

Jan 31, 2007 7:13 am

At this pace, you'll have a 100MM book in 9.5 more years!  Nice work!

Jan 31, 2007 9:16 am

very cool.  I am at 10m in month 15 so I hope I will be where you are too!!


Is your business comission or fee based?


Jan 31, 2007 9:59 am

About 12M is fee based.


The balance is in money market funds and individual MF's.


scrim

Jan 31, 2007 12:08 pm

80% of your business in fee based is pretty darn good.

Jan 31, 2007 1:57 pm

well, if you backed out my "cash" that's in plain money funds I would have 12k out of 16k fee based.


if you include cash  it's about 60%.


scrim

Feb 11, 2007 12:11 pm

I know this is an old thread, I just have a quick question.

I'm in the process of building my book and am curious.

What is the average fee of the 12 million you have in fee based?  Let's assume that it is 1%, which would 120,000 Gross, or 30,000 gross per quarter.  Is that the correct way to look at it? 

Thanks in advance.

Feb 11, 2007 1:42 pm
ChrisB:


What is the average fee of the 12 million you have
in fee based?  Let's assume that it is 1%, which would 120,000
Gross, or 30,000 gross per quarter.  Is that the correct way to
look at it? 

Thanks in advance.





Fee based is like building a very big annuity.

Feb 12, 2007 12:28 am
ChrisB:

I know this is an old thread, I just have a quick question.

I'm in the process of building my book and am curious.

What is the average fee of the 12 million you have in fee based?  Let's assume that it is 1%, which would 120,000 Gross, or 30,000 gross per quarter.  Is that the correct way to look at it? 

Thanks in advance.

There are different charges but it's averages around 1.35% annually.


I collect it in quarterly installments.


scrim

May 3, 2007 2:15 pm

The road to 30M is going pretty smoothly.      I'm up to 24M total assets of which about 55% is fee based.


I did collect some of these assets from a departing colleague which I may have to give back once they hire someone to replace him.


Slow and steady wins the race!


scrim

May 3, 2007 2:40 pm

scrim, why do you like coming on this site and tooting your own horn?

May 3, 2007 3:00 pm

I like your updates, keep them coming.

May 3, 2007 3:01 pm

Vin, we're arrogant creatures by nature, I guess.  I don't mind Scrim and others posting progress (I do it myself) as it gives me a real-time yardstick to measure against instead of some arbitrary manager budget number.  Assuming everyone's truthful about production (which is probably a stretch), it's good information to see where you stack up.

May 3, 2007 3:25 pm

Congrats, scrim!


It's nice seeing someone grow their business, as you have.

May 3, 2007 3:57 pm

keep up the good work Scrim.