Diversification trips
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How the hell did this thread go from talking about how hot German chicks are to talking about…whatever it is you are talking about?
The same way a thread can go from talking about vacations to the size of Windy’s ba!!s
Touche.The same way a thread can go from talking about vacations to the size of Windy’s ba!!s
Lmao! Dude's got a few good zingers every now and then.[/quote] No he doesn't. It is a bank joke over and over. The first few were funny, now its just boring. He stole most of them from biofreeze anyways.[quote=Ronnie Dobbs]Ron did, but then he got a call that his drawer didn’t match up, so he had to come back.
Lmao! Dude's got a few good zingers every now and then.[/quote] No he doesn't. It is a bank joke over and over. The first few were funny, now its just boring. He stole most of them from biofreeze anyways. [/quote] It's a bank joke because you work at a bank and you suck.[quote=3rdyrp2][quote=Ronnie Dobbs]Ron did, but then he got a call that his drawer didn’t match up, so he had to come back.
Beer....How the hell did this thread go from talking about how hot German chicks are to talking about…whatever it is you are talking about?
Lmao! Dude's got a few good zingers every now and then.[/quote] No he doesn't. It is a bank joke over and over. The first few were funny, now its just boring. He stole most of them from biofreeze anyways. [/quote] It's a bank joke because you work at a bank and you suck.[/quote] Oh is that why you tell banks jokes, because I work at a bank? Thanks for the explanation.[quote=Ron 14][quote=3rdyrp2][quote=Ronnie Dobbs]Ron did, but then he got a call that his drawer didn’t match up, so he had to come back.
It’s all jokes until Windy has to leave Jones because he filled out one too many switch letters and has to go work as Ron’s assistant.
That would be horrible, he’d put me in charge of lining up the 5 mile long rows that we all have to stand in line in. Walking through those always sucks, especially when there is noone there.
[quote=B24]I don’t really want to debate it, because (1) I am not the expert, and (2) every situation is unique. Again, I am basing it on some of the “case studies” I see in articles in various industry magazines. I often read about indy firms with 40 or 50mm, that have 3 or 4 staff members. I am not saying that’s what you NEED, I am saying that’s what I’ve seen and heard. I can also refer back to an article/case study either in Reg Rep or some other mag a few months ago about margins at indy firms, and that they ran like 40-60% on average. Everyone on here was up in arms about it, but I am just saying, that’s what the article said.
I would highly doubt there are many solo indy firms doing 850K gross with one staff person or less. FWIW, many of the firms that are referrenced in these articles are often full-service wealth management firms, not just the solo guy running money for a few clients out of his house. So even if they don't have a ton of assets, they are running a model that requires more than just one guy.[/quote]Sounds like something I heard at my Jones regional meeting...Actually, the numbers are probably almost right. I would estimate:
40% if you are trying to grow an office and you are hiring FA trainees.
60% if you hire people to do all the office work and you just do business golf, business dinners and business trips to Vegas.
80% you do everything yourself with one assistant. (like at Jones)
[quote=Still@jones]
[quote=B24]I don’t really want to debate it, because (1) I am not the expert, and (2) every situation is unique. Again, I am basing it on some of the “case studies” I see in articles in various industry magazines. I often read about indy firms with 40 or 50mm, that have 3 or 4 staff members. I am not saying that’s what you NEED, I am saying that’s what I’ve seen and heard. I can also refer back to an article/case study either in Reg Rep or some other mag a few months ago about margins at indy firms, and that they ran like 40-60% on average. Everyone on here was up in arms about it, but I am just saying, that’s what the article said.
FWIW, many of the firms that are referrenced in these articles are often full-service wealth management firms, not just the solo guy running money for a few clients out of his house. So even if they don’t have a ton of assets, they are running a model that requires more than just one guy.[/quote]Sounds like something I heard at my Jones regional meeting…Actually, the numbers are probably almost right. I would estimate:40% if you are trying to grow an office and you are hiring FA trainees.60% if you hire people to do all the office work and you just do business golf, business dinners and business trips to Vegas.80% you do everything yourself with one assistant. (like at Jones)[/quote]
It really bothers me that you haven’t even opened an account, got fired from Jones, lied to a prospect and you honestly come on here giving advice and participate in conversation. Thats like a guy who enrolls in college, gets kicked out before classes start, then goes home and talks about his “partying” days in college. WTF, seriously?
Really? Is it like the guy who has never been Indy knowing how much indy’s get paid?
[quote=Ronnie Dobbs] [quote=Still@jones]
[quote=B24]I don’t really want to debate it, because (1) I am not the expert, and (2) every situation is unique. Again, I am basing it on some of the “case studies” I see in articles in various industry magazines. I often read about indy firms with 40 or 50mm, that have 3 or 4 staff members. I am not saying that’s what you NEED, I am saying that’s what I’ve seen and heard. I can also refer back to an article/case study either in Reg Rep or some other mag a few months ago about margins at indy firms, and that they ran like 40-60% on average. Everyone on here was up in arms about it, but I am just saying, that’s what the article said.
FWIW, many of the firms that are referrenced in these articles are often full-service wealth management firms, not just the solo guy running money for a few clients out of his house. So even if they don't have a ton of assets, they are running a model that requires more than just one guy.[/quote]Sounds like something I heard at my Jones regional meeting...Actually, the numbers are probably almost right. I would estimate:40% if you are trying to grow an office and you are hiring FA trainees.60% if you hire people to do all the office work and you just do business golf, business dinners and business trips to Vegas.80% you do everything yourself with one assistant. (like at Jones)[/quote]
It really bothers me that you haven't even opened an account, got fired from Jones, lied to a prospect and you honestly come on here giving advice and participate in conversation. Thats like a guy who enrolls in college, gets kicked out before classes start, then goes home and talks about his "partying" days in college. WTF, seriously?[/quote] That's quite the analogy.
I never said i knew how much they got paid, just that i didn't think it could possibly be 100% or anywhere near after bills.Really? Is it like the guy who has never been Indy knowing how much indy’s get paid?
Some douche was saying something about Jones guys giving up 64%, like if we were Indy we would get 100%. Not what I said, just commenting off someone elses comment.LOL ! Great call in thinking they don’t get 100% !! What ???
No one in the history of this site has ever said Indy’s get 100% or anything close.
You are the idiot. Saying you get an extra 64% is like saying that you get all 100% of your paycheck every month. You can say the payouts better, but really all we are trading is the trip to the post office to hand that 60% over to the local bill collectors. While you are running around paying bills, or paying someone else MORE money to do it, were letting Jones do it.[/quote] You used the 100% number. YOU.[quote=bspears]Spiffy is drunk on koolaid. He’s the real idiot. Giving up 64% to rub elbows with people who he wants to be, but those people are fakes.