30 mil AUM LOS 7 not bad!
Here’s why. Today more than ever in this overbrokered, dilluted, transparent, firm-bank-RIA saturated, compression margined, over complianced, annuitized, do it yourselfer, internet competitive, two 50% correction decade…One should not feel bad if they started in 02, they have 30 million AUM, which were probably 40 mil plus 18 months ago. Let’s not pretend the worst economic time in modern history is not happening. If your LOS 7 with 10 mil, probably in the wrong biz. Anyone I have seen at ML with above average assets (5mill per year in Biz, IMHO) took over a book…period.
pewter - are you saying all of that to make yourself feel good?
Just to balance the scales, there's a Jones guy in our area who started in 2000 and today has $150 milliom AUM. Still feeling good about your $30 million?[quote=Spaceman Spiff]pewter - are you saying all of that to make yourself feel good?
Just to balance the scales, there's a Jones guy in our area who started in 2000 and today has $150 milliom AUM. Still feeling good about your $30 million? [/quote] stfu u jerk off arent u a worthless manager anyway? leave the guy alone assw*pe[quote=Spaceman Spiff]pewter - are you saying all of that to make yourself feel good?
Just to balance the scales, there's a Jones guy in our area who started in 2000 and today has $150 milliom AUM. Still feeling good about your $30 million? [/quote] If you see yellow stuff in your wheaties tomorrow, don't eat the wheaties!!! Seriously, it all depends on the kind of practice that you run. Are they making you field train someone else??[quote=Shania Twain][quote=Spaceman Spiff]pewter - are you saying all of that to make yourself feel good?
Just to balance the scales, there's a Jones guy in our area who started in 2000 and today has $150 milliom AUM. Still feeling good about your $30 million? [/quote] stfu u jerk off arent u a worthless manager anyway? leave the guy alone assw*pe[/quote] Nice. I think I've made a new friend. Worthless manager? Not hardly. When you put a post like this guy did on a forum like this you open yourself up to comments like mine. Now, take a big girl pill and be quiet.[quote=Spaceman Spiff][quote=Shania Twain][quote=Spaceman Spiff]pewter - are you saying all of that to make yourself feel good?
Just to balance the scales, there's a Jones guy in our area who started in 2000 and today has $150 milliom AUM. Still feeling good about your $30 million? [/quote] stfu u jerk off arent u a worthless manager anyway? leave the guy alone assw*pe[/quote] Nice. I think I've made a new friend. Worthless manager? Not hardly. When you put a post like this guy did on a forum like this you open yourself up to comments like mine. Now, take a big girl pill and be quiet. [/quote] Just curious...serious question....why didn't you jump down Windy's throat like that when he posted how great he was?????????[quote=Spaceman Spiff][quote=Shania Twain][quote=Spaceman Spiff]pewter - are you saying all of that to make yourself feel good?
Just to balance the scales, there's a Jones guy in our area who started in 2000 and today has $150 milliom AUM. Still feeling good about your $30 million? [/quote] stfu u jerk off arent u a worthless manager anyway? leave the guy alone assw*pe[/quote] Nice. I think I've made a new friend. Worthless manager? Not hardly. When you put a post like this guy did on a forum like this you open yourself up to comments like mine. Now, take a big girl pill and be quiet. [/quote] Whew! I think Sergeant Hartman just blushed...HKA - I don't know. I don't remember how I got involved in the whold Windy debate. I also don't remember Windy ever just starting a post with comments like this one. He was usually commenting about someone else's post. Then the pissing war would begin.
This guy, out of the blue, puts up a post that just screams that he is celebrating his mediocrity. Then he comments about anyone at ML with above average assets taking over a book? Really? If you want to make yourself feel good about where your assets are, fine. But do you seriously think you should post them on an internet site and expect that you're going to get a round of kudos or pats on the back. If you do, then you might want to find out if they're patting you on the back like you're a rock star or if they're patting you on the back like you just won the bronze in the Special Olympics. Don't send me any PMs about the Special Olympics comment. Forgive me for my momentary lapse of judgement.
Ms. Twain - just FYI - cussing doesn't make you appear very intelligent. To me it means that you aren't smart enough to fill those spaces in your sentences with words that have any real meaning. The fact that you're typing with your thumbs doesn't help either." Joe Heller
True story, Word of Honor:
Joseph Heller, an important and funny writer
now dead,
and I were at a party given by a billionaire
on Shelter Island. <?: PREFIX = ST1 />
I said, "Joe, how does it make you feel
to know that our host only yesterday
may have made more money
than your novel 'Catch-22'
has earned in its entire history?"
And Joe said, "I've got something he can never have."
And I said, "What on earth could that be, Joe?"
And Joe said, "The knowledge that I've got enough."
Not bad! Rest in peace!"
--Kurt Vonnegut
The New Yorker, May 16, 2005 "<?: PREFIX = O />
[quote=Spaceman Spiff]
HKA - I don't know. I don't remember how I got involved in the whold Windy debate. I also don't remember Windy ever just starting a post with comments like this one. He was usually commenting about someone else's post. Then the pissing war would begin.
[/quote] Actually, someone would talk about their production, day, or the weather and Windbag would then try to brag about his numbers while telling everyone they sucked compaired to him. Then you'd enter like a momma bear to defend your cub once he got beat up on.[quote=mlgone]LMAO Spaceman…
Do you really think what is posted here is fact? I acutally have 40k under mgmt and charge .20bps And I could buy your book read my tag line[/quote] Prove it[quote=voltmoie][quote=mlgone]LMAO Spaceman…
Do you really think what is posted here is fact? I acutally have 40k under mgmt and charge .20bps And I could buy your book read my tag line[/quote] Prove it[/quote] I am the Walrus.in five years i had 33 mill
Mediocre? After ten years at Jones, that’s not setting the world on fire but I bet it’s not the worst.
But how much of the entire EDJ staff clears what an Indy might make on that $30MM? 10%? 15%?? Lessee … $210K take home based on 1% *70%; which means a Jones guy would have to knocking down $40K a month, right?
I don’t know about your region, but it’s not like we’ve got a lot of 10 year vets grossing $500k a year.
[quote=voltmoie] [quote=Spaceman Spiff]
HKA - I don’t know. I don’t remember how I got involved in the whold Windy debate. I also don’t remember Windy ever just starting a post with comments like this one. He was usually commenting about someone else’s post. Then the pissing war would begin.
[/quote]Actually, someone would talk about their production, day, or the weather and Windbag would then try to brag about his numbers while telling everyone they sucked compaired to him. Then you’d enter like a momma bear to defend your cub once he got beat up on. [/quote]
No, Actually I would comment on someone’s post because I was doing well right out of the gate and wanted to share my success stories with other rookies (Thats what I thought this site was for) and then i got called a liar,. Posting my numbers was merely defending myself, except for giving Volt sht. Spiff just knew that I wasn’t lying because he’s seen the proof. I know I know, “But we’ve seen your numbers”. No you haven’t, only numbers that were not updated or right, and you take it as the bible. I do, however, apologize to Spiff for all you bastards giving him sht, because he knows the truth. The rest is you guys just reaching for something to bash on.
Got a contractor coming in to put a window in my office and I’m going to be painting it and remodeling it tomorrow. I must sleep…
Spiff, I normally enjoy reading your posts, but I think you were a little harsh towards Pewter. By the way, do you have $30MM in assets?
Wow, did not mean to incite. No doubt some exceptions! I live in a smaller city, local ML office @80 brokers. Typical LOS 10 + prob 60 - 100 ish. depending on their model making + - 200k. There are LOS 15 - 20’s with 300mil + making 500k plus…legacy assets…I know a jones broker who grew very quickly, there was a story behind it, no inheritance, but unique situation. I am saying that outside of NYC, LA, other majors, we can be in this biz, and still enjoy a comfortable life, and have a rewarding career. Thats all. For those that are LOS 5 with 50 mil and earned it…hat’s off. My experience has been that there is almost always a significant reason for exceptional profile, not abilities. Believe me on more than one occassion I have bought in to someone’s success, only to be disappointed.
You didn’t do the inciting, pewter, I did. Only partially accidental.
Just FYI, I don't disagree with you. I'm sure there are a lot of people in this business with $30 million under management who are perfectly happy. If I were 100% fee based and indy, I would be too. My experience is with Jones. At Jones if you're out 10 years and you're at $30 Mil, you're not doing something right. You might be surviving, but you're certainly not comfortable and you're probably on someone's radar screen. Of course until the last year or so we didn't do any fee based biz to think of, so there was/is a constant need to add new dollars. Here at Jones they tell us that until you get to $30 mil you keep your nose to the grindstone and keep pushing. At that point you should be able to keep yourself out of hot water with the powers that be, but like I said before, you're not really comfortable yet like I think all of us in this business want to be. My apologies if I came across too harsh. I'm not normally like that.What bank do you work for again?your at jones…nuf said
I think there should be a rule on this board about posting in complete sentences. My second grader can do a better job at this than you. Just FYI the word that you should be using is you're. It's a contraction, which means that you combine two words into one, leaving out some letters of one or both. You're is a contraction of the words you and are. I'll use it appropriately in a sentence for you: You're a moron. You're typing with your thumbs. Put the cell phone down before your teacher takes it away.spaceman
your at jones as a manager and your busting my arse???
lol
where r u? Alabama
F you!
get back in ur trailer arshole
Where are you getting this branch manager stuff?
[quote=mlgone]spiff
ur a tool.........................understand that spelling big branch manager boy?[/quote] Seriously, your an idiot. You know he works for Jones, and that we do not have branch managers, but you still call him one. How is that funny?[quote=Ronnie Dobbs][quote=mlgone]spiff
ur a tool.........................understand that spelling big branch manager boy?[/quote] Seriously, your an idiot. You know he works for Jones, and that we do not have branch managers, but you still call him one. How is that funny?[/quote] I hope SpiffBOY corrects your grammar...as soon as he gets your shirt off.[quote=hotair1][quote=Ronnie Dobbs][quote=mlgone]spiff
ur a tool.........................understand that spelling big branch manager boy?[/quote] Seriously, your an idiot. You know he works for Jones, and that we do not have branch managers, but you still call him one. How is that funny?[/quote] I hope SpiffBOY corrects your grammar...as soon as he gets your shirt off.[/quote] Oh, the irony.Mines more of a type-o, i was on the phone selling some stock, buddy ol’ pal. Something you can’t do:).
Are you saying your blood type is Type - O or you made a typo? Oh wind, you always make my day with your buffoonery.Mines more of a type-o, i was on the phone selling some stock, buddy ol’ pal. Something you can’t do:).
Irony would be if I would have used your or you're incorrectly. Wind's incorrect usage of the word your is not irony. However, it is kind of funny. Sorry, Wind, but I had to chuckle.
Seriously, you people should have paid attention to the teachers in grade school.Oh, when you are painting your office, remodeling it, typing on a forum, & selling stocks on the phone as people call in, I guess it doesn’t matter about my grammar on this forum. Now, does it?
[quote=Ronnie Dobbs][quote=mlgone]spiff
ur a tool.........................understand that spelling big branch manager boy?[/quote] Seriously, your an idiot. You know he works for Jones, and that we do not have branch managers, but you still call him one. How is that funny? [/quote] I hate to have to correct you but you do have a branch manager at Jones, that would be your field supervision director. You would do well to remember this in case someone asks you. I am surprised you don't know this......[quote=Spaceman Spiff]
Irony would be if I would have used your or you're incorrectly. Wind's incorrect usage of the word your is not irony. However, it is kind of funny. Sorry, Wind, but I had to chuckle.
Seriously, you people should have paid attention to the teachers in grade school. [/quote] There is some irony in it. The fact that your prodigy used it incorrectly while defending you from the very same guy you called moron because he did the same is a bit of irony. It became a tragedy when you suckled up to Windy's teet and drank in his green colored lies.UM 30mm IN 5YEARS THATS PRETTY EMBARRASSING!!..EVERYONE IN MY PW CLASS HAD TO DO 4OMM IN 2YRS OR THEY WERE BOUNCED NO QUESTIONS ASKED…IF YOU’RE NOT AT 100MM AFTER LOS 10 YOU SHOULD REALLY CONSIDER ANOTHE JOB WHAT ARE YOU DOING THIS FOR ? CLEARY NOT TO MAKE MONEY… YOU’RE CLEARY NOT VERY GOOD AT WHAT YOU DO OR VERY AMBITIOUS
quite yelling douchebag
Worst post ever. Do you communicate to your clients by e-mail in all caps? If so then you sir do not have $100mm after 10 years.UM 30mm IN 5YEARS THATS PRETTY EMBARRASSING!!..EVERYONE IN MY PW CLASS HAD TO DO 4OMM IN 2YRS OR THEY WERE BOUNCED NO QUESTIONS ASKED…IF YOU’RE NOT AT 100MM AFTER LOS 10 YOU SHOULD REALLY CONSIDER ANOTHE JOB WHAT ARE YOU DOING THIS FOR ? CLEARY NOT TO MAKE MONEY… YOU’RE CLEARY NOT VERY GOOD AT WHAT YOU DO OR VERY AMBITIOUS
Pragmatist,
You clearly are full of it. You really don't have a clue about this business with comments like that. Please go find another forum to post on.Troll.
Don't feed him.[quote=3rdyrp2]Troll.
Don't feed him.[/quote]Why not? If it weren't for him I wouldn't know that "If Your Not Living On The Edge You're Taking Up Too Much Space". That is some life changing advice.
[quote=SometimesNowhere] [quote=3rdyrp2]Troll.
Don't feed him.[/quote]Why not? If it weren't for him I wouldn't know that "If Your Not Living On The Edge You're Taking Up Too Much Space". That is some life changing advice.
[/quote] Good point. I'll take that a step further and any time I give advice from here on forth I will capitalize every word in the sentence to emphasize its importance. Also... [quote=3rdyrp2][quote=Pragmatist]UM 30mm IN 5YEARS THATS PRETTY EMBARRASSING!!......EVERYONE IN MY PW CLASS HAD TO DO 4OMM IN 2YRS OR THEY WERE BOUNCED NO QUESTIONS ASKED.....IF YOU'RE NOT AT 100MM AFTER LOS 10 YOU SHOULD REALLY CONSIDER ANOTHE JOB WHAT ARE YOU DOING THIS FOR ? CLEARY NOT TO MAKE MONEY..... YOU'RE CLEARY NOT VERY GOOD AT WHAT YOU DO OR VERY AMBITIOUS[/quote] Worst post ever. Do you communicate to your clients by e-mail in all caps? If so then you sir do not have $100mm after 10 years.[/quote] [quote=Pragmatist] #1 I wouldn't communicate with my clients about how much my minimum AUM is, ie the way i communicate on here has no correlation to how i communicate with my clients[/quote] I'm no expert but I'm sure that that's not the appropriate answer to the question. Thanks for trying though
[quote=Pragmatist]
#1 I wouldn’t communicate with my clients about how much my minimum AUM is, ie the way i communicate on here has no correlation to how i communicate with my clients#2 I am 5yrs out of my MBA program thus I am in year 5; I along with all 3 of my associate classmates that i started with in my office have over 100mm in assets, we wouldn’t have jobs if we didn’t… @ 80bps/ and a 20-25% payout(yeah the payout really sucks but the clients we have access to makes up for it) and with less than 100mm doesn’t pay much more than what our 1yrs salary with signing bonus was but I guess we’re in a different business than you
#3 at a minimum account size of 10mm (5mm for friends and family and special potential accounts) 100m=10 accounts at the minimums you don’t get far in private wealth management striving for the minimums so “CashFlow” maybe you’re right I don’t understand the business that you are in, I’m in the private wealth management business…I take it you’re in or strive to be in the business of take a used car salemen and turn him into financial advisor after a few months of “so called training business” [/quote]
dude stfu
(5mm for friends and family and special potential accounts)
special potential accounts? stfu
you might get RR tool of the year award with only 2 posts.
fu u d-bag
Iceco1d… I didnt say I was doing 800k @ 20% payout…I said that at 100m ($200K) I wouldnt be making much more than than our starting salary and first year signing bonus and …i said all of my associate classmates in my office have MORE than 100M AUM and we are deffinitely not considered the “top stars” in our over all nation wide class and with less than 100mm after even 5 years…I would deffinitely be in the bottom of my class, deffinitely on somone’s radar… .I probably would have been fired…or if i was lucky asked to move to a different job…within the company within 2 years if I didnt ramp up quickly but…like I said…$40mm at two years was our 1st hurdle/cutoff…and the curve was significantly steeper in the next 3yrs …at my firm until you hit $2mm in revenue you are pretty much on somones’s radar ( ie managment is has alot of say, imput and opinions in how you’re running/building your business…treat you as if you have training wheels on) and with only about 350 advisors in 13 offices thats easy to track…my whole point was that to be striving for such low (30million aum After 7,5 or even 3yrs) seemed to be a waste of time…unambitious etc… or simply just the wrong career choice… I think we all agree we are in this to make money, if not there are easier jobs…that are more self and socially fulfilling… If I offended anyone I do appologize that wasn’t my purpose…but then in this business we should have thicker skin than that
Iceco1d… I didnt say I was doing 800k @ 20% payout…I said that at 100m ($200K) I wouldnt be making much more than than our starting salary and first year signing bonus and …i said all of my associate classmates in my office have MORE than 100M AUM and we are deffinitely not considered the “top stars” in our over all nation wide class and with less than 100mm after even 5 years…I would deffinitely be in the bottom of my class, deffinitely on somone’s radar… .I probably would have been fired…or if i was lucky asked to move to a different job…within the company within 2 years if I didnt ramp up quickly but…like I said…$40mm at two years was our 1st hurdle/cutoff…and the curve was significantly steeper in the next 3yrs …at my firm until you hit $2mm in revenue you are pretty much on somones’s radar ( ie managment is has alot of say, imput and opinions in how you’re running/building your business…treat you as if you have training wheels on) and with only about 350 advisors in 13 offices thats easy to track…my whole point was that to be striving for such low (30million aum After 7,5 or even 3yrs) seemed to be a waste of time…unambitious etc… or simply just the wrong career choice… I think we all agree we are in this to make money, if not there are easier jobs…that are more self and socially fulfilling… If I offended anyone I do appologize that wasn’t my purpose…but then in this business we should have thicker skin than that
Im impressed
wealth manage this.
fu u arrogant wanna-be d***
[quote=Shania Twain] [quote=Pragmatist]
#1 I wouldn't communicate with my clients about how much my minimum AUM is, ie the way i communicate on here has no correlation to how i communicate with my clients#2 I am 5yrs out of my MBA program thus I am in year 5; I along with all 3 of my associate classmates that i started with in my office have over 100mm in assets, we wouldn't have jobs if we didn't...... @ 80bps/ and a 20-25% payout(yeah the payout really sucks but the clients we have access to makes up for it) and with less than 100mm doesn't pay much more than what our 1yrs salary with signing bonus was but I guess we're in a different business than you
#3 at a minimum account size of 10mm (5mm for friends and family and special potential accounts) 100m=10 accounts at the minimums you don't get far in private wealth management striving for the minimums so "CashFlow" maybe you're right I don't understand the business that you are in, I'm in the private wealth management business...I take it you're in or strive to be in the business of take a used car salemen and turn him into financial advisor after a few months of "so called training business" [/quote]
dude stfu
(5mm for friends and family and special potential accounts)
special potential accounts? stfu
you might get RR tool of the year award with only 2 posts.
fu u d-bag[/quote] SHANIA, By the way I have no friends or family accounts....most of my friends and family wouldn't meet the the minimums for F&F accounts either.........I'm not sure what you think it is we do in PWM but those are the minimum account sizes..love it or hate it.....it is what it is......"special potential accouts" (some call them story accounts) are for example: C-level execs at Venture/Private Equity sponsored companies (ie at ipo or buyout they will meet the miniumums)...... I'm not sure what your confusion is....are you not familiar all spectrums of the wealth management industry ? let me guess your average account size is is around $300k and you have 200 accounts ? thats good for you ..similar job ..just a different end of the spectrum I'm sure you enjoy and are good at what you do.....just of no interest to me.......college savings plans and roth ira's aren't what i got into this business to do
Then why comment that someone w/this type of business has no ambition? Your ellipses remind me of a certain breezy character that still roams around here...[ let me guess your average account size is is around $300k and you have 200 accounts ? thats good for you …similar job …just a different end of the spectrum I’m sure you enjoy and are good at what you do…just of no interest to me…
[/quote]
Im impressed
wealth manage this.
fu u arrogant wanna-be d***[/quote]
[quote=Pragmatist]
Dear Shania, Why the name calling, calm down.....we have similar jobs, just different clientele, different products.... most likely different educational backgrounds and thus different career opportunities at the end of the day I love what I do, I hope you do as well, though you dont seem to be very happy, actually you sound just a tad bitter..? but maybe not ....maybe you always use profanity and call people names? those aren't usually the attributes present in generally happy people[/quote] Ever the one to throw in the indirect verbal jab. You're a prick. With absolutely horrendous grammar. Enjoy your 20% payout, piker.Pragmatist, stop playing on Shoeshines computer. Everyone knows you are lying…now go back to cleaning my toilets.
Cashforgold.com, if you need to sell some unwanted jewelry!
Then why comment that someone w/this type of business has no ambition? Your ellipses remind me of a certain breezy character that still roams around here...[/quote] 3rdrp2, 1)Actually i joined this forum back in Aug. when a friend of mine from ML mentioned it....really hadn't posted or paid attention to the site since then....I just happened to pop on here out of boredom last night and was somewhat shocked by what I was reading...so no I'm not who ever it is, troll or otherwise you might think I am . 2) I wasn't saying that people who handle smaller accounts were unambitious I was saying people who would be satisfied with $30Million after 7 or 5 yrs were unambitious, they aren't unambitious because thats what they have attained ( though they may be in the wrong career choice)..... they are unambitious becasue they are satisfied with not winning, not being at the top of thier class I dont care what size accounts you service you should never be satisfied/complacent this is business and we are here to win...(ie be 1st quartile or however how your firms ranks you...) You are absolutely right my wording sucked was down right arrogant, I again apologize --That is ambitious: My friend who works @ ML joined through thier normal routes (ie non Private Wealth/ PBIG) he's a few years older than me I belive he is LOS 9...he has a team of 4 client assitants/associates. he manages in excess of $500MM his accounts sizes vary from 500k to $60mm (no inherited accounts) and he is deffinitely not satisfied[quote=Pragmatist][ let me guess your average account size is is around $300k and you have 200 accounts ? thats good for you …similar job …just a different end of the spectrum I’m sure you enjoy and are good at what you do…just of no interest to me…
Pragmatitty,
Your MBA program didn't require that you be able to spell correctly? It is amusing when people flaunt their education and success, yet can't spell "their" correctly.[quote=3rdyrp2][quote=Pragmatist][ let me guess your average account size is is around $300k and you have 200 accounts ? thats good for you …similar job …just a different end of the spectrum I’m sure you enjoy and are good at what you do…just of no interest to me…
Then why comment that someone w/this type of business has no ambition? Your ellipses remind me of a certain breezy character that still roams around here…[/quote]
3rdrp2,
1)Actually i joined this forum back in Aug. when a friend of mine from ML mentioned it…really hadn’t posted or paid attention to the site since then…I just happened to pop on here out of boredom last night and was somewhat shocked by what I was reading…so no I’m not who ever it is, troll or otherwise you might think I am
.
2) I wasn’t saying that people who handle smaller accounts were unambitious I was saying people who would be satisfied with $30Million after 7 or 5 yrs were unambitious, they aren’t unambitious because thats what they have attained ( though they may be in the wrong career choice)… they are unambitious becasue they are satisfied with not winning, not being at the top of thier class
I dont care what size accounts you service you should never be satisfied/complacent this is business and we are here to win…(ie be 1st quartile or however how your firms ranks you…) You are absolutely right my wording sucked was down right arrogant, I again apologize
–That is ambitious: My friend who works @ ML joined through thier normal routes (ie non Private Wealth/ PBIG) he’s a few years older than me I belive he is LOS 9…he has a team of 4 client assitants/associates. he manages in excess of $500MM his accounts sizes vary from 500k to $60mm (no inherited accounts) and he is deffinitely not satisfied[/quote]
your boring.
Yes I imagine if I cared enough to take the time to spell check…or proof read what I typed in a forum.(aka my horrendous spelling and grammar)…in the middle of my saturday afternoon studying (cfa) it would would help you to understand what I wrote…a little better …but I don’t so you can either get over it or just ignore it… anyway to those ambitious folks who get what I was trying to get across i wish you happy gathering (assets)…to those unambitious slugs…I’m sure you have the rest of your unsuccessful careers to proof check postings in this forum…and continue being satisfied making a “decent living” whatever that means… Everyone enjoy the rest of your weekend!!!
Ahhh, not too busy to post, but too busy to make sure you don’t sound like a complete moron. Proper spelling and grammar should come naturally to an educated person, not something you should have to proofread to avoid. Mistakes will happen, but usually not 11 spelling errors in one post.
Yes I imagine if I cared enough to take the time to spell check…or proof read what I typed in a forum.(aka my horrendous spelling and grammar)…in the middle of my saturday afternoon studying (cfa) it would would help you to understand what I wrote…a little better …but I don’t so you can either get over it or just ignore it… anyway to those ambitious folks who get what I was trying to get across i wish you happy gathering (assets)…to those unambitious slugs…I’m sure you have the rest of your unsuccessful careers to proof check postings in this forum…and continue being satisfied making a “decent living” whatever that means… Everyone enjoy the rest of your weekend!!!
Hey Pragmatist, go fcuk yourself.
You found out about the forums from your ML buddy? Gay buddy?
Conquests of a bank broker. Only bummer is you cant take your book with you nor will you get a sign on bonus from anything other than another bank. You have no clue what asset gathering entails without a teller giving you a referral. I was talking to a requiter that was under the impression that I was a bank broker. When I told him MSSB would bonus me $260k on the front and then the back again he basically laughs at me and said I would be lucky to get $10k or even hired at all. When I informed him I was PCG he very graciously apologized and got me a 3x T12 with ML. I've been in production for 25 months and I don't have $35 mil. I guess I'm a dismal failure with no motivation. I'll never understand how I managed to b e number 1 in my class of 72, now in the low 20's, being such a slacker LOL.Iceco1d… I didnt say I was doing 800k @ 20% payout…I said that at 100m ($200K) I wouldnt be making much more than than our starting salary and first year signing bonus and …i said all of my associate classmates in my office have MORE than 100M AUM and we are deffinitely not considered the “top stars” in our over all nation wide class and with less than 100mm after even 5 years…I would deffinitely be in the bottom of my class, deffinitely on somone’s radar… .I probably would have been fired…or if i was lucky asked to move to a different job…within the company within 2 years if I didnt ramp up quickly but…like I said…$40mm at two years was our 1st hurdle/cutoff…and the curve was significantly steeper in the next 3yrs …at my firm until you hit $2mm in revenue you are pretty much on somones’s radar ( ie managment is has alot of say, imput and opinions in how you’re running/building your business…treat you as if you have training wheels on) and with only about 350 advisors in 13 offices thats easy to track…my whole point was that to be striving for such low (30million aum After 7,5 or even 3yrs) seemed to be a waste of time…unambitious etc… or simply just the wrong career choice… I think we all agree we are in this to make money, if not there are easier jobs…that are more self and socially fulfilling… If I offended anyone I do appologize that wasn’t my purpose…but then in this business we should have thicker skin than that
Lets just say that change after change after change (lost count were thrust upon me and were entirely out of my control. Under the circumstances I felt it may be prudent to find a few that were under my control. I have some very large accounts, several trusts and a foundation, that are about to transfer and have just funded the decision makers personal account. I’m thinking this is the time to portray stability. I am however making it clear to all my clients that WE are paying a firm for their services. If and when WE feel there is another firm that will give US a better deal WE will move without looking back. They agree, it’s pretty interesting how things change when one starts calling their firm “them” and including ones-self in the “us” category. It really has the partnership feel to it. When I discount a commission I’ll say ‘holy smoke, they’re trying to bang US for full boat on a trade WE’RE not making much on I’ll see what the minimum they will allow, and give them that’
kind of off topic but what the heck, it's working well for me, the less that 100 mil slacker.gathered 35 mill while at boa los 5 yrs, went indy and now los7 yrs, and currently have about 21 mill. 70% fee based. making a nice living working about 5 hrs/day. could I work harder, absolutely, and Perhaps I will pick it up… pressure to do so nah. I’ll be ahppy bringing in 3-5 mill a year till I die.
That's awesome! Happiness is worth so much more than money.gathered 35 mill while at boa los 5 yrs, went indy and now los7 yrs, and currently have about 21 mill. 70% fee based. making a nice living working about 5 hrs/day. could I work harder, absolutely, and Perhaps I will pick it up… pressure to do so nah. I’ll be ahppy bringing in 3-5 mill a year till I die.
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