Skip navigation

Progress?

or Register to post new content in the forum

23 RepliesJump to last post

 

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.
Sep 13, 2005 12:10 pm

Cowboy,

I hear you. However the money was easy come until about June. From what my buddies tell me it's been a very slow summer. My fee based business is at a decent level for my AUM. I can pay the bills and support the family until things pick up. I will continue to operate at a 90% fee based mix.

Sep 13, 2005 2:13 pm

Sounds good!  I agree, the numbers seem to say you’re doing more than fine…I’m not much farther along than you are and am slooowly making the transition to fee-based and agree it’s the way to go long term (both for the client and us).  But I have had many frustrations along the way and I admire your focus; I feel bad for people that come into the business and expect that they can support the wife (in most cases…) and two young kids on a newbie’s income…just hard to do from scracth or close to it.  They seem to be able to get just far enough in so that someone else benefits from their labor.

Sep 13, 2005 3:30 pm

Cowboy - you are accurate in your observations!!!

EZ - if you are really able to pay the bills from fee based business, I would REALLLLY hang in their. You have worked to hard....and are almost there.