LPL vs RJ vs Wachovia FINET
Any opinions on pros and cons of each? Who's best? I am primarily fee based- $800m annualizing
Biasrecruiter, we meet again, and again you show bring no value to my due diligence. If you are questioning $800m in production, which is a good business but actually nothing to what many California FA's are doing, you obviously deal with small potatoes, which makes you one as well. Keep reading these boards, you probably have nothing else to do since you can't be recruiting much.
$800m in production. You really mean $800k. Where is Mensa when I neeed him?
$800m is $800,000 Biasedrecruiter. This is a common accounting expression.
$800mm is $800,000,000.
Be careful before you demonstrate your ignorance, especially if you're wanting to build credibility.
You're not the only one who has made this mistake around here though.
Yeah Blarm you might agree with biased but you would be in conflict with common accepted accounting terminology.
You normally know what you're talking about....just not this time.
*Yes, 'm' can be used to denote millions in reference to currency, it's just not correct accounting terminology.
In common references to currency, M or m denotes million or millions, such as $25M (twenty-five million dollars).
In traditional accounting practice, M designates thousand or thousands (from the Latin mille), and MM is used for million. Hence such traditional abbreviations as CPM for cost per thousand items of a retail good, or MCF for thousand cubic feet of (e.g.) natural gas.
In economics, M is usually used to represent imports.
Script capital M (Unicode 0x2133 ) denotes the old German currency Goldmark.
I personally feel that 'k' is less confusing and more understandable to common folks though. It is what I choose to use because of the prior point.
In a sense you are all right. It is just ignorant to correct someone for their correct use of terminology.