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Jul 22, 2005 10:01 pm

[quote=quantum]

I will be concentrating on the high net worth
clients and the 1% yearly fee, so I am not concerned about commissions
on individual trades

[/quote]



What do you believe is the sweet spot for AUM when profiling a HNW client?



Will you allow advisor allocation? Or will you be an all or nothing counselor??



How many HNW clients is enough?



Generalist or Specialist? How will you validate the latter?



Your are not interested in commissions ever, or, just when trading?



What makes you think managers enjoy being shopped against their peers?
And, why do you think a risk doesn’t exist when you run this gauntlet
with only 2 players lined up.  Are there a multitude of offices
where you live that fit your criteria for being the model of superior
places to hang your shingle?



How much does one need to retire well in Florida (suppressed snicker)?
Jul 22, 2005 10:14 pm

Well Put:

It seems that you are adding ID's faster than the moderator can remove them. Too bad about Marvin, Melvin, and Ducats. Hey, but at least they haven't deactivated Sniper & Dr. Shekel yet.

Put, are you sure these multiple personalities, oops!!, I mean multiple ID's aren't a problem?

Jul 22, 2005 11:11 pm

Coag, what makes you think I am Put? The only like trait seems to be
the shared ability to leave you slacked-jawed with envy. Sadly, for you
and Put, I am over one score younger then Put in years and at least as
much larger then you on the ol’bigger then life scale. I have a notion
about you, shoe-fly.



BTW, do you like mustard with your taters??

Jul 22, 2005 11:24 pm

An old joke: You can go into any brokerage office and ask the manager to point out who makes the most money for the firm. However, ask the manager who makes the most money for their clients and you’ll usually get a perplexed look.

Jul 23, 2005 1:56 am

Dr. Shekel - I only get 200k a year from my retirement. Is this enough?

If you will kindly read my first post, you will find that I was looking for answers, not questions.

I'll be signing off now that all the useful/intelligent dialogue is over.

Thanks again to those of you with constructive remarks

Jul 23, 2005 4:32 am

[quote=blarmston]Not to be a wiseass- but what do you think??? Its my
opinion that for someone just starting out that working for a widely
recognized and respected firm is a nice advantage. It gives you
credibility in the publics eye and can only assist you in building your
business (unless of course your firm is facing lawsuits from AG’s, SEC,
etc, etc- then all bets are off)… Regarding your physician contacts,
do you think you can have them make the transition from contact to
client? I ask because I recently saw a “golden boy” new FA with TONS of
contacts and a high profile in the community falter and ultimately get
let go due to lack of production. He knew EVERYBODY but it simply did
not translate into accounts being opened…[/quote]



I happened at my firm too. A man in his 50’s, and in his words, with
lots of contacts, is working on building a ‘new’ network because his
old one didn’t come true like he expected. Be cautious.

Jul 23, 2005 6:15 am

Put, aka Melvin Maven, Dr. Shekel, Mr. Hyde,



YOU ARE A JOKE.  GET A LIFE.