To put it another way, would I take on an FC, providing OSJ oversight, for a flat @$2300 (whatever it is exactly) per month? HELL NO!!!

If that deal is legit at @$2500/mo in total expenses, followed by 100%
payout, it is a PHENOMENAL deal. Almost too, phenomenal, if you catch
my drift…
* * * *

Thank you.  That’s all I wanted to know, right there.

Currently I work at a major wirehouse, in the tallest and most luxurious building within 200 miles.  It’s brand new, and I’m on the 16th floor with a view of the bay.  The firm I’m considering will be moving also into that building, to the 21st floor, in March.

They’re a small firm, but national, with something like 300 FA’s.  It’s a scaled fee structure; at $250k gross, my fees to the RIA go to $1300 a month, and goes higher still as I approach 500k and 1mm.  They have five FA’s currently in their offices–another nice building at another location, but which will be moving, as noted above–and want to add as many as possible more.  I’m friends with a Merrill guy who is heading over, and a Wachovia team I know is taking a hard look too.  For me, the last straw was the new change in payout about to take place at my firm, in which households under 50k in assets won’t generate any fees to the FA–it all goes to the firm.

Appreciate the help.  Still thinking about it, but definitely leaning that way now.  Have a great week, all.  And remember that any rally you see won’t last long.