What job title allows this ______

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Jan 29, 2006 1:47 am

No insurance sales, no cold calling Grandma, etc. 


Just pure account management, at MY discretion.  If I believe my clients should be 25% XLE, 25% T-Bills, 25% Emerging Markets mutual fund, and 25% GOOG stock, then I can do it, period.  In a month, maybe the market is choppy and I move my clients into 100% T-bills.


And so forth.  Pure trading and account management, no selling (well, I would have to "sell" my strategy and of course "sell" and recruit potential clients), no insurance, etc.  No "married to" the analysts recommendations who work at my company, I am allowed to trade my clients account how I like, with no reprisal from management/HQ.


RIA?  FA?  CFP?  CFA?  etc?


Firm recommendations? 


thanks guys!






Jan 29, 2006 6:42 am

the job title that fits best is "President of Fantasyland"

Jan 29, 2006 9:13 am

THat is pretty much what I do and I think they are calling us Wealth Managers this year.  I dont do the mfds but I do just about anything else I want.  At SB it is called PM 

Jan 29, 2006 10:10 am

Let's see....you don't know how to do anything, you don't want to sell anything, and you don't want to work for your success. Sounds exactly like a financial planner to me.

Jan 30, 2006 9:47 am
satpak77:

No insurance sales, no cold calling Grandma, etc. 


Just pure account management, at MY discretion.  If I believe my clients should be 25% XLE, 25% T-Bills, 25% Emerging Markets mutual fund, and 25% GOOG stock, then I can do it, period.  In a month, maybe the market is choppy and I move my clients into 100% T-bills.


And so forth.  Pure trading and account management, no selling (well, I would have to "sell" my strategy and of course "sell" and recruit potential clients), no insurance, etc.  No "married to" the analysts recommendations who work at my company, I am allowed to trade my clients account how I like, with no reprisal from management/HQ.


RIA?  FA?  CFP?  CFA?  etc?


Firm recommendations? 


thanks guys!








Well an RIA license would allow you to manage accounts on a discretionary basis-say with a series 66 license.


That being said, looking at your hypothetical example of 'account management', anyone who would give you $$ to manage on a discretionary basis would have to be smokin' dope!

Jan 30, 2006 10:47 pm

I think a firm or a client would have to be crazy to let you do what you are asking.


"Give me your money, I'll invest it how I want, when I want.  No strategy or policy or supervision.  Just trust me." 


Are you out of your mind?

Jan 30, 2006 11:07 pm
iconsult100:

I think a firm or a client would have to be crazy to let you do what you are asking.


"Give me your money, I'll invest it how I want, when I want.  No strategy or policy or supervision.  Just trust me." 


Are you out of your mind?



Actually it happens all the time with experienced advisors, but on a fee basis, and with at least some explanation up front as to investment methodology and profiling and defining of risk tolerance as well.


It was the concentration in risky securities that sorta freaked me out about the 'example'....

Jan 30, 2006 11:33 pm
joedabrkr:
iconsult100:

I think a firm or a client would have to be crazy to let you do what you are asking.


"Give me your money, I'll invest it how I want, when I want.  No strategy or policy or supervision.  Just trust me." 


Are you out of your mind?



Actually it happens all the time with experienced advisors, but on a fee basis, and with at least some explanation up front as to investment methodology and profiling and defining of risk tolerance as well.


It was the concentration in risky securities that sorta freaked me out about the 'example'....



That's what concerns me as well.  I agree that an FA can take over a portfolio on a flat fee plan... my Firm has a platform for that.  But there has to be an investment policy and people do look over your shoulder.  I just don't think anyone should have ultimate control with no consequences for their actions.

Jan 31, 2006 10:51 am

Hey, I've got an extra $500 on me that you can manage. Minimum annual fee of $1000. Should last you about 3-4 months. 

Jan 31, 2006 2:57 pm
satpak77:

No insurance sales, no cold calling Grandma, etc. 


Just pure account management, at MY discretion.  If I believe my clients should be 25% XLE, 25% T-Bills, 25% Emerging Markets mutual fund, and 25% GOOG stock, then I can do it, period.  In a month, maybe the market is choppy and I move my clients into 100% T-bills.


And so forth.  Pure trading and account management, no selling (well, I would have to "sell" my strategy and of course "sell" and recruit potential clients), no insurance, etc.  No "married to" the analysts recommendations who work at my company, I am allowed to trade my clients account how I like, with no reprisal from management/HQ.


RIA?  FA?  CFP?  CFA?  etc?


Firm recommendations? 


thanks guys!



Hmmmmmmmmmmm.  Let me see............  I recommend you try WalMart, probably be a great place for you to work.

Jan 31, 2006 6:37 pm

Simple, Start your Own BD!