Classy!

Quick Man, before it's too late- you need to swab your ear out with alcohol too.... before her words get into your brain.... the warning signs are when you start wondering how many $4000 IRA's you can open in a month, while finding yourself craving a Subway Sandwhich!

I don't know what's more pathetic, the fact that you took the time during work hours to put a company down based on no facts or information about it or the fact that you felt posting this would make you feel better.

I'm on a huge team with HRBFA. Why don't you call them up and tell them they made it that big without mass affluent clients. You want our number? Or if you really love humor, call Hal Mandel or Jim Rogers in San antonio and tell them you have a bigger book than theirs. Or better yet, I can give you a direct phone number to a UBS team that does 2 MM gross (apprently by opening up express IRA's for hookers).

Dunno about you, but I find my joke funnier.

anabuwhatever,

Here's pathetic.  Firm opens up 4,000 dollar IRA's for "mass affluent" (whatever that is) where the "interest" paid on the accts does not even equal the annual fees on said accts.  (Jones brokers take note, HRBFA/HUA figured out how to make money on $4000 IRA's, just don't get caught.) Didn't Spitz nail you guys for a couple million on that one, as eventually the accounts are depleted completely by your fees, and the cost to transfer is horrendous.

Or how 'bout that big fine HRB paid for incorrectly filing their own tax return.  Impressive.

Glad you're on a "huge team" maybe collectively you can open some IRA's that actually make money and file a tax return or two correctly.

What the casual reader must never forget is that most of those who post on this forum are punk kids who have no idea how important things like a franchise name actually are.

H&R Block is a household name in the financial services arena and as such they have far more credibility among the public than "Acme Financial Management--Securities offered through Linsco Private Ledger."

The $4,000 IRAs are being opened somewhere--and there are a whole bunch of people who are opening them.

Additionally there's a whole lot of folks out here who may only be able to afford an IRA contribution because they're young and raising a family--but those folks will not be young forever, and a lot of them are going to inherit some serious assets.

You could do a lot worse than casting your lot with a franchise name such as H&R Block.

Sure!  You could also use a name like Olde.

[quote=NASD Newbie]

You could do a lot worse than casting your lot with a franchise name such as H&R Block.

[/quote]

Not all franchise names have drawing power with genuinely affluent clients. Yugo (use Renault or Fiat, if you prefer) had a franchise name, if I recall, and if your aim was to sell to the typical Mercedes Benz driver opening up a Yugo store was probably not the way to go.<?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

[quote=NASD Newbie]

What the casual reader must never forget is that most of those who post on this forum are punk kids who have no idea how important things like a franchise name actually are.

H&R Block is a household name in the financial services arena and as such they have far more credibility among the public than "Acme Financial Management--Securities offered through Linsco Private Ledger."

The $4,000 IRAs are being opened somewhere--and there are a whole bunch of people who are opening them.

Additionally there's a whole lot of folks out here who may only be able to afford an IRA contribution because they're young and raising a family--but those folks will not be young forever, and a lot of them are going to inherit some serious assets.

You could do a lot worse than casting your lot with a franchise name such as H&R Block.

[/quote]

Wow, you are so right on man. I see I was wrong.

So tell me, do you prefer Wal-Mart or Target when shopping for a new suit?

[quote=NASD Newbie]

What the casual reader must never forget is that most of those who post on this forum are punk kids who have no idea how important things like a franchise name actually are.

H&R Block is a household name in the financial services arena and as such they have far more credibility among the public than "Acme Financial Management--Securities offered through Linsco Private Ledger."

The $4,000 IRAs are being opened somewhere--and there are a whole bunch of people who are opening them.

Additionally there's a whole lot of folks out here who may only be able to afford an IRA contribution because they're young and raising a family--but those folks will not be young forever, and a lot of them are going to inherit some serious assets.

You could do a lot worse than casting your lot with a franchise name such as H&R Block.

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[quote=NASD Newbie]H&R Block is a household name in the financial services arena and as such they have far more credibility among the public than "Acme Financial Management--Securities offered through Linsco Private Ledger."[/quote]

Maybe, maybe not.  That depends largely on the market and the firm's dirty laundry.  One thing I know for sure, is that I control the reputation of my firm...not some back office rogues in another state.  When LPL get's bad press, my clients really don't care as long as it's not affecting their account.  Most of them have no clue who LPL is...other than my statement provider.

...there's some positives to using a low profile firm also...

On the news yesterday:

A $1.2MM team leaves AG Edwards to join HRBFA.

Hey frumhere, you wouldn't happen to be part of a $1.2 MM team now would you?