Nothing wrong with it for the right person, if you sit down and do an investor profile. That is NOT what we were talking about back then. (also, what about when that “sweet spot” changes? There are ways to find longer duration exposure without locking in 20-30 years as we were trained to do)

also: “next decade or so” is a lot different than 20 or 30 years.

I appreciate the wake up call Hulk. Made me go out and look at BABs … found two with fine credit ratings, nearly 7% YTM and 20 year maturities. Bingo! A couple of calls later, I’m into a $100K bond sale to end a nice day. There was nothing left by the end of the day.

[quote=LockEDJ] I appreciate the wake up call Hulk. Made me go out and look at BABs … found two with fine credit ratings, nearly 7% YTM and 20 year maturities. Bingo! A couple of calls later, I’m into a $100K bond sale to end a nice day. There was nothing left by the end of the day.

[quote=52new] [quote=LockEDJ] I appreciate the wake up call Hulk. Made me go out and look at BABs … found two with fine credit ratings, nearly 7% YTM and 20 year maturities. Bingo! A couple of calls later, I’m into a $100K bond sale to end a nice day. There was nothing left by the end of the day.

newnew - i dont care what crap you or any other brokerage firms are spewing these days about investor profiles. Books are built by calling on a product and selling said product to begin the relationship.   I have 9 accounts greater than $1M (good/bad/i don’t care - it is what it is) and all but 2 of those began with an initial investment into a bond that I called on.

WSUBOB,

What are we going to do with you...how unimformed are you?  Back End software has nothting to do with the management of a portfolio let alone with EJ or JPMChase.  Each of the firms have Global Multi Asset Groups that drive the Managed accounts in terms of Portfolio Construction, Tactical vs Strategic movements, Multi Fund Family Selection, and overall due dilligence.  If software really mattered and was a driver of portfolios then everybody would need different opperating systems, program engineers an so fourth.  I work for JPM and have many friends at EJ....there managed accounts are nothing alike.

A-real-broker

I still don't understand why a client would be willing to pay 1.5% plus, to have an advisor shove their money in a program that simply allocates their dollars between a bunch of mutual funds that also have internal expenses.  The way I see it, we're in a low interest rate, highly volatile market environment, so the client has an uphill battle to make enough in returns to cover their overall portfolio expenses, let alone grow their portfolio.  Unless it's individual stocks, fixed income products, ETFs, or maybe vanguard type funds...client's shouldn't be in these programs.   All IMHO.  

Feeling a bit lucky. My firm has something like 10 different managers who each have their own specific allocation models - conservative to aggressive. Some use ETFs for the models, others use active open end funds and a few holding individual stocks/bonds (larger accounts). And of course, I rarely use any.... One of our choices is to make our own model from about 400 approved funds - like Blackrock Global allocation, First Eagle Global, IVY, American, Wells (Evergreen) Asset allocation - a full choice of dynamic allocation funds. I am not much for "Static" models based on the previous 30 years of data.

We have no pre-set pricing - I usually go with 1.5% for the first $250K, then 1.25% for the next $250K, etc.  I can "discount" to 1% to try and move C share clients into the program (it uses Institutional shares so C share clients save 5 to 10 bps).

Does Ed Jones have fixed pricing?   What about JP Morgan Chase?

Thanks...

I like AS.  My clients like AS.  It's a great program for middle wealth investors.  Where else can they get the service for 1.35%, 

[quote=ytrewq]He called us stupid?  Them thars fightin' words.  I thought you were long gone from Jones by the time Lehman went under?  PM in a bit.[/quote]

Jones is BS... Let em have it!