Weighted average return per account

or Register to post new content in the forum

 

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 10, 2008 12:47 am

I am at Jones, and have been frustrated with the firms inability or unwillingness to provide us - and clients- with an average return per account.

We can see how each investment is doing over time and get annualized returns only. Recently we were provided a value history report that shows amount invested and unrealized gain/loss for the year, but still no actual percentage up or down.
So, am I asking too much?
What does your firm have?
What do the techhnologuy leaders out there have?
Thanks!!
May 10, 2008 11:39 am

Our statements have dollar weighted returns for ytd, prior 12 and since inception on the front page of the account statement.

May 10, 2008 11:43 am

I can think of 2 reason that EDJ MIGHT not put those on.  Either their stinky technology is too far behind or they are scared and do it intentionally.  In the short run loads make your performance lousy and despite what your clients tell you most DO NOT have a good long term vision.

May 13, 2008 12:28 am

Sounds good, DK.

Where did you end up?
May 13, 2008 9:09 am

Personally, I think they are trying to get around the A-share sticker-shock on the statements.  They claim it has to do with technology, but based on the things I have seen them roll out, I highly doubt that technology is an obstacle.  The only exception might be that they have been doing so many other things lately in technology that they may not have the resources right now to commit to that project.  There are other more pressing issues to address in the short-run.

May 13, 2008 10:39 am

I am at Raymond James.

 
Yes BK24 that sounds about right.
May 13, 2008 1:11 pm

Correction:

I did a bit of digging and found out that the system has been in place since January.  They are not going to present it on statements until January 2009, so that they have 12 months of history to show a 12 month return on the statements.  Apparently the software they used does not collect historical data, it just started tracking from the day it was implemented in January.
May 13, 2008 10:51 pm
Broker24:

Correction:

I did a bit of digging and found out that the system has been in place since January.  They are not going to present it on statements until January 2009, so that they have 12 months of history to show a 12 month return on the statements.  Apparently the software they used does not collect historical data, it just started tracking from the day it was implemented in January.
 
Man, that is great huh? So you will never be able to determine what the return on an account was prior to Jan 2008, it's really not that important.......I was looking at an account that I moved over a few weeks ago today. I pulled 3 months trailing, 6 months trailing, 9 months trailing , 1 Yr , 2 yr and 3 yr, all in the space of about 3 minutes.......
May 17, 2008 7:58 pm

We can show a multitude of performance figures for MTD, YTD, Trailing 3 mo, 12 mo, 2 years 3 years 5 years 10 years so and and so on.  It takes no more than 2 minutes if even that.  EDJ has never really wanted to show clients actual returns.  The debate between various ways rates of returns could be calculated is the only reason not to, but that is ridiculously weak.  The fact is EDJ will always try to cater to the very small clients, if you are actually thinking about returns you need to leave EDJ.  You will be ridiculed.  One of the GP's actually laughed about the MFD scandals, she said the only thing people will remember in the long run was that they had heard of EDJ.  Nothing matters there but production.